The impact of social networks on crypto market

[royalfestus]

The impact of social media on cryptocurrencies cannot be emphasized, both good and bad, mostly the former. Cryptocurrency adoption has been hitching free rides on the bareback of social media platforms like Twitter etc. The latest instance is Dogecoin(which came on as a joke) is mooning seriously since Tiktok's users usage

I dont consider titok to have more influence than twitter in cryptocurrency. Elon musk has 17m followers on tiktok compare with the active twitter of 78million. Whereas twitter possess more influencers than any other social media platforms. With my experience here the use of social media has been changing across social platform since the launch of bitcoin and had grown to involve the so called richest man, Elon musk

[shadowdio]

Yes, the social platform can manipulate the cryptocurrencies if you are celebrity like Elon Musk. We all know once Elon tweets about doge or bitcoin then there will be an affect of the price but it seems he just rarely tweets about cryptos, he is busy working rockets you know.

[doc]

Yes, the social platform can manipulate the cryptocurrencies if you are celebrity like Elon Musk. We all know once Elon tweets about doge or bitcoin then there will be an affect of the price but it seems he just rarely tweets about cryptos, he is busy working rockets you know.

Talking about Elon musk, he is famous people that has many followers.
When he tweet, many people will believe him.
It's FOMO but have big effect for dogecoin.
It's yeh impact of social networks on crypto currency, because crypro enthusias always follow the news.
I think we will see several opinion about crypto from famous person, that has impact to crypto market.

[Jaephoenix]

One can never run away from the great influence of social media to commerce, especially crypto marketing. It's a huge multi billion dollar market niche. Nice to know it

[rizqillah]

Social networks on crypto currency, I think It happened.
Many people know  bitcoin and crypto currency from social media that being shared by famous person.
Many people know and invest in dogecoin because Elon musk tweeted about it.
So I think social networks  is doing well.

[kent47400]

Social networks are very strong, if they enter the cryptocurrency space, the results really amaze me as well as public figures or artists.
If we think that this is the best, then it is certain because usually the artist who has a lot of followers will definitely have more advantages if he enters the cryptocurrency space where the effect is generated from their followers.

[innerpumper]

Social media with cryptocurrencies is indeed very related, in fact we see a lot of media that can shake the price
of cryptocurrency or destroy it depending on the number of communities in it.
We use this usually for bounty campaigns and make the projects we campaign famous on the social media networks they use.

[BrainMan]

Let think about this, can any crypto project survive without the use of social networks as a tool for partnerships, Collaborations and advertising, I think the answer is no.

The impact over the years as been overwhelming.
Take AltcoinTalks for instance, the impact has been laudable. I won't have heard about A GameFi, metaverse and NFT project called Arcade
A play to earn where users can compete with their skills to earn the native tokens of the ecosystem.
So this is the Impact we are talking about.

[Yorker]

Let think about this, can any crypto project survive without the use of social networks as a tool for partnerships, Collaborations and advertising, I think the answer is no.

The impact over the years as been overwhelming.
Take AltcoinTalks for instance, the impact has been laudable. I won't have heard about A GameFi, metaverse and NFT project called Arcade
A play to earn where users can compete with their skills to earn the native tokens of the ecosystem.
So this is the Impact we are talking about.

This is so true, take twitter for instance, the impact it is having on the crypto market is second time non, hardly will there he a good project without it having a good twitter community .
I got to know about this project you mentioned on twitter, been playing  Arcade games for some time now and the earnings has been dope.
A potential project that I think everyone should get into
NFTs is the new money And Arcade is bringing it to focus

[trauchot]

The influence of social networks on the cryptocurrency market is very huge because all cryptocurrency investors are on social networks, and therefore, when various news about cryptocurrencies appear on social networks, cryptocurrency investors immediately begin to either buy cryptocurrencies or sell cryptocurrencies, so there is nowhere without social networks.

[therozaq]

The influence of social networks on the cryptocurrency market is very huge because all cryptocurrency investors are on social networks, and therefore, when various news about cryptocurrencies appear on social networks, cryptocurrency investors immediately begin to either buy cryptocurrencies or sell cryptocurrencies, so there is nowhere without social networks.

Agree with you, impact social networks on crypto currency is so high and really potential to gain many investors to be here.
We know about Elon musk tweeted that made dogecoin pumped and so popular.
Every time we read the news about crypto, several famous people share this news.
I think social networks are good way to gain popularity of crypto currency.

[Doctor]

the impact of social networks on crypto currency  has an important role because it will affect many people.
I agre with opinions from member here..
Many people interested and being investors because there is social networks before.
I personally know crypto from my friend at 2017, and enjoy this investment until now.

[Vx1]

the impact of social networks on crypto currency  has an important role because it will affect many people.

Social networks sometimes make us confused too, for example we choose coins that we believe will provide benefits.  But on social networks it turns out that the coin is getting bad news and Fud, meaning that this social network really affects the mentality of a Crypto trader. But because of this social network, we can get news news faster. So that we don't miss out if we want to make a decision, want to sell or buy Crypto on the market

[anshor1]

Social media can be a key to success if used smartly. However, it could also create FUD if not used well. Social media is surely a power tool which can be used to a good advantage to promote the adoption of cryptocurrency

You're right, I think socia media can be key for project promotion.
As we know about Elon musk tweeted that make dogecoin pumped.
I agree with several opinion about social networks above.
I think crypto developer always think about promo , open bounty campaign, always update their social media etc.
That's good way to do.

[Jaephoenix]

Social media impact in marketing in general, and in crypto, in specific, cannot be over emphasized. Tiktok is an upcoming platform that people are finding amusing because it has more features