Trending Tokens Calculation
Disclaimer: All tokens in Trending Channel have no correlation with LEIA
Last updated
Disclaimer: All tokens in Trending Channel have no correlation with LEIA
Last updated
Shows the most scanned tokens in range of time
Q: Which tokens get listed inside the based on?
Tokens ranked 1-3 on the are the ones paying for ads, bringing revenue to LEIA as part of the goals.
Meanwhile, positions 4-10 are filled based on how often they're scanned daily. The more scans in 24 hours, the better chance a token has of appearing and getting listed on the trending list by the scanner bot.
Shows tokens where buyers are strongly dominating over sellers
The following formula demonstrates the process of determining the m value on a daily basis. The m value serves as the metric utilized for the Trending Channel. When selecting tokens for the Trending List, we assess the present Market Screener (m) metric in relation to the highest m value observed within the last 24 hours. The formula for calculating the m value over a 24-hour period is provided below.
Q: Which tokens get listed inside the based on ?
The m value reflects the contrast between the buying and selling volumes of traders in the last 24 hours. The m value is similar to the . The ratio in the formula decides whether the m value is positive or negative. A positive m indicates that traders bought more tokens than they sold, and vice versa. We use the ratio multiplied by the number of traders to filter tokens with a high probability of manipulation. For instance, when a single influential trader (like a Whale 🐳) buys a significant portion of a token's supply to push the price higher.
When we create the Trending List, we look at the highest and lowest m values each day. We use a measure called the "k indicator," similar to the , to decide which tokens go in the Trending Channel. The k indicator can range from 0 to 100. If the k value is above 60, we consider the token for the Trending List. The k indicator shows how close the current m value is to the highest m value in the past 24 hours. We only list tokens with a positive m value, indicating that buyers are stronger than sellers.
