The cryptocurrency market is extremely volatile. This is one of the main concerns of the Digital Asset industry. But what are the factors which are making this volatility? Are we really aware of how to deal with these random price changes of all the cryptocurrencies? Successful traders and investors look into different things before taking the investment decisions!
Staying up-to-date with real-time market happenings is the key factor to become a successful trader. But it is not easy to stay updated with all the surroundings around the market. Reading all the news, browsing social media can easily help to get updates.
Blockchain-Crypto influencers are the key people who can easily change the social sentiment of this cryptocurrency market. People who are directly attached to cryptos such as founders of any crypto project, developers, marketers, key opinion leaders, etc whose actions or thoughts drive the crypto communities to a particular action are known as crypto influencers.
For example, when the Ethereum’s co-founder Vitalik Buterin retweeted about ETH 2.0, then the price of ETH increased because many people started buying it with a positive attitude. The crypto analytics chart of ETH below shows the increase of price after the post of Vitalik .
The biggest Twitter hack also occurred in this year. Twitter experienced a major hack on 17 July 2020. Someone has managed to hack 20+ major Twitter accounts at the same time and has posted a scam on all of the accounts trying to steal Bitcoin from those accounts followers. Accounts hacked by Bitcoin scammers- Bill Gates, Elon Musk, Joe Biden, Warren Buffett, and many others.
After hacking the popular Twitter accounts of big profiles the hacker asked Bitcoin to send in a wallet address. After everyone knows about it, the price of BTC drops suddenly.
Crypto communities are always get influenced by decisions and thoughts of the market influencers. It usually takes more than 1-2 hours daily to surf and checks social media to get updates from Crypto influencers.
To reduce the stress of surfing social media profiles, Bitcurate is introducing LIVEFEED. This is collecting and analyzing social data points daily to bring all the updates from the prominent social media influencers into a single platform.
Discovering the most important blockchain and cryptocurrency thoughts from the market leaders is now easier than before. Stay up-to-date and Cut through the noise, understand the social sentiment and gain your unfair advantage- https://www.bitcurate.com
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