• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Elon Musk progressively loses influence with the crypto local community

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

The 'Elon Musk Effect' Exposes Bitcoin's Risks

Elon Musk has had significantly less of an effect on the crypto local community soon after his tweets no longer brought about the coins to surge in price tag.

Related articles

The Ordinals Inscription movement flourished on blockchains after a statement by Elon Musk

The Ordinals Inscription motion flourished on blockchains just after a statement by Elon Musk

November 24, 2023
What is an exchange-traded fund?  Crypto ETFs and impacts on the cryptocurrency market

What is an exchange-traded fund? Crypto ETFs and impacts on the cryptocurrency industry

November 23, 2023

“Let go of Doge,” Elon Musk wrote on Twitter on July one with a image of actor Marlon Brando in the film The Godfather.

Elon Musk’s tweet mentions Dogecoin – the coin that he claims to like for numerous many years. Tweets of Tesla and SpaceX bosses even now obtain consideration as normal. However, it no longer leads to Dogecoin to skyrocket like prior to.

In the previous, every single time Elon Musk outlined Dogecoin, this digital currency with the Shiba canine symbol usually went up or down sharply. However, this time the enhance was just above eight%, then fell back to the authentic degree.

“Elon Musk’s post no longer works for Dogecoin,” 1 Twitter account commented. “It looks that traders are no longer listening to Elon Musk. In the finish, they recognized that other people’s tweets should not be the determining issue in their investment choices,” explained Alexandra Clark, head of digital asset brokerage GlobalBlock. in the United kingdom, feedback.

In May, Elon Musk asked consumers if men and women would like Tesla to accept payments in Dogecoin. This digital currency straight away enhanced sharply from .five USD to practically .seven USD. But because then, the worth of Dogecoin has dropped 65% to just above $ .24, in spite of Elon Musk’s repeated efforts to “inflate” on Twitter.

Elon Musk has repeatedly been criticized for posting tweets that stormed the cryptocurrency industry. He was even accused of manipulating the industry and creating unpredictable consequences. “With millions of people investing in cryptocurrencies today, it is dangerous to let one individual have so much power in their hands. Because, it can encourage investors to make emotional decisions,” an professional commented.

According to Business Insider, Elon Musk’s dominance of the virtual currency industry looks to have come to an finish. “The crypto local community has grown exhausted of Musk’s tweets. Over time, they progressively recognized that 1 person’s influence can’t be the determining issue in the industry,” the web page commented.

Maybe you are interested:


Join our channel to update the most valuable information and understanding at:

According to VnExprees
Compiled by ToiYeuBitcoin

.

[ad_2]

Tags: CommunityCryptoElonElon MuskgraduallyinfluencelosesMusk
Share76Tweet47

Related Posts

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

BlackRock ETF Leads Bitcoin Inflow with $284 Million

by shark
June 5, 2025
0

Spot Bitcoin ETFs see $87M net inflow, BlackRock's IBIT leads with $284M.

Moroccan Authorities Arrest Crypto-Related Kidnapping Suspect

by shark
June 5, 2025
0

Moroccan police arrest suspect linked to crypto kidnappings in France, impacting entrepreneurs and urging security enhancements.

Solo Miner ‘Solo CK’ Earns $330K in Bitcoin Block

by shark
June 5, 2025
0

Solo CK, a Bitcoin miner, earned $330,386 by mining a Bitcoin block, showcasing individual success in the mining community.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift
  • California Assembly Advances Bill on Dormant Crypto Assets
  • BlackRock ETF Leads Bitcoin Inflow with $284 Million
  • Qubetics Kaspa and Tezos Emerge as the Best Crypto to Buy Now After Policy Shifts Shape 2025 Trends
  • Moroccan Authorities Arrest Crypto-Related Kidnapping Suspect
  • Solo Miner ‘Solo CK’ Earns $330K in Bitcoin Block
  • US-El Salvador Dialogue Sparks Bitcoin Market Optimism
  • Crypto Leverage Risk Increases, CeFi and DeFi Interdependencies Tighten
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7