Hype-to-activity ratio measures the number of tweets a particular coin has per each $1M in reported trading volume of that coin. As of August 15th 2019 the average Hype-To-Activity Ratio in crypto was 1.02. In other words, on average cryptocurrencies see 1.02 tweets per $1M in reported trading volume.

High Hype-to-Activity ratios may suggest that a particular cryptocurrency is overhyped in social conversations relative to the amount of trading activity that it has. It is a good metric for identifying outliers or for tracking the number of social conversations a particular coin has relative to its trading volume over time.

Hype to Activity Ratio = (30 Day Average Tweet Volume / (30 Day Average Trading Volume / 1M))
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