Happy 50's Elon 🎊
What is 'Elon-0-Meter'?
"ElonOMeter.com" is a website designed to calculate the destruction caused by Elon Musk and his tweets on the crypto world. This billionaire can never get enough of market manipulation, so we set out to track and visualise his tweet’s effects on cryptocurrencies’ value and community
Metrics only updates when Elon comments about Crypto
The crypto market behavior is very emotional. ‘Elon Musk’ is probably the most influential personality in the crypto universe. And his tweets have a direct, instant, devastating effect on the markets whatsoever it may be. Keeping an eye out at Elon’s Sentiment will help you study Elon’s past influence and make the right decision. (NFA)
What does Elon-0-Meter Indicate?
People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in the irrational reaction of seeing red numbers and tweets.
There are two simple assumptions:
Extreme fear can be a sign that Elon is too worried about cryptocurrency. That could be a buying opportunity. (Long time baby)
When Elon is getting too greedy, that means the market is due for a correction. (Open those Shorts ;) )
Therefore, we analyse the current sentiment of Elon Musk and crunch the tweets into a simple meter from 0 to 100. Zero means "Elon is Sad", while 100 means "Elon is happy”.