The allure of cryptocurrencies is their decentralized nature, protection against inflation, and the ability to become an overnight millionaire. When you dabble in the world of digital assets, you’ll keep hearing about crypto Twitter. Thousands of people swear by this incredible community. You want to understand what is crypto Twitter, as you’re unfamiliar with this space.
Today’s article explores this vibrant finance-centric society on Twitter and explains everything you need to know.
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What Is Crypto Twitter? Understanding the World of Cryptocurrencies on X
What is Twitter crypto? It can mean the following things:
- It refers to the ever-growing community of cryptocurrency enthusiasts using this social network to discuss their digital assets.
- It is also a former division of Twitter. This team handled everything related to cryptocurrencies and blockchains on this platform.
The social media giant got Tess Rinearson to spearhead this department as the engineering lead in 2021. Their goal was to focus on decentralizing this network, looking for creator monetization options and crypto payments. However, after a year, the head of the department left the company.
You’re mostly interested in the cryptocurrency community on this platform. When getting information about virtual cash, no place is comparable to Twitter. On this network, you’ll come across investors, influencers, companies, crypto analysts, and developers who are passionate about this topic.
People come to this community to receive updates about various virtual financial projects. For example, cryptocurrency companies announce their latest milestones on Twitter. You’ll see what people think about these projects. Also, users share their ideas and concepts, making Twitter the go-to place to learn about crypto.
Elon Musk, the platform owner, believes in this technology, which is evident when he speaks about this space. In fact, Tesla, one of the companies he co-founded, accepted bitcoins as payment.
Essentially, this is a community that exclusively discusses cryptocurrency and the blockchain industry. You’ll find people from all walks of life who share a common interest.
How Does Twitter Influence the Crypto Market? Understanding X’s Impact
Twitter impacts the cryptocurrency industry in different ways. This community is responsible for spreading news about the virtual currency ecosystem. When a project’s founder makes an announcement, it sends ripples throughout this network. The word gets around quickly, and investors take notice.
Twitter plays a role in what people, in general, think about various cryptocurrency projects. The discussions on this platform can change people’s opinions about specific coins in real-time.
For example, popular crypto investors in this space can publish a post about a new currency to generate interest.
However, the impact of user sentiment depends on the coin itself. When investors engage with their audience about new projects, it can increase their return on investment (ROI). This is the case for Dogecoin, which was new and volatile.
How popular it is on Twitter influences the price of this currency. Also, when users talk about this coin, more people invest in it and drive up the price quickly.
On the other hand, Ethereum is mostly immune to user sentiment on this platform. This is likely because of its age and ability to ride out the market’s volatility. Investors consider this currency their sanctuary, further contributing to its stability.
What Crypto Is Trending on Twitter: 2 Coins to Track
If you follow the crypto community on Twitter, you’ll see relevant trends on the Explore page. Under the For You section, the social media network personalizes the trends that suit your interests. Similarly, the What’s Happening card next to your timeline on the desktop browser can also show this information.
What crypto is trending on Twitter? Generally, the following two currencies tend to be popular:
- Bitcoin (BTC): Bitcoin is the oldest cryptocurrency in the market and trends regularly on Twitter. Its popularity rises when the price of this coin swings in either direction. On March 14, 2024, this virtual currency hit an all-time high of $73,794. It appears on the trends page when influential figures talk about this digital asset. Also, news about the regulation or adoption of this digital cash makes it popular on Twitter.
- Ethereum (ETH): Ethereum is another favorite cryptocurrency. It provides features like smart contracts, robust security against fraud, and decentralized applications. Technological advancements, strong developer and community support, and practical applications are a few factors contributing to its popularity.
Other cryptocurrencies trend on Twitter regularly. However, if you plan on buying these coins, you should always do your due diligence. Although cryptocurrencies are not new, the market is highly unpredictable and volatile. As highlighted earlier, public interest in new coins can influence their pricing. In other words, the price can fall as quickly as it can rise.
Avoid relying solely on what’s trending to determine what coin to invest in. You must always learn from as many resources as possible to make an informed decision.
How To Get Real-Time Prices of Cryptocurrencies on Twitter?: Use Cashtags
In April 2023, X partnered with eToro as part of Elon’s vision to provide Twitter users with financial services. You can now look up the prices of cryptocurrencies on this social network in real-time with the Cashtags feature.
As the finance community is active on X, it makes sense for the company to provide this handy utility. The graph on the search results page shows the price change over 24 hours. You can open the chart to look at the cryptocurrency’s evaluation.
There’s also the option to view the coin on eToro and buy it from the financial trading platform. Here’s how to use the Cashtags feature for cryptocurrencies:
- Visit X using the mobile app or a desktop browser. Sign in to your Twitter profile, as the platform no longer allows you to use most features with an account.
- Tap the search icon in the navigation panel at the bottom of the mobile app. If you are on X with a desktop browser, left-click the search bar in the top right corner.
- Type this Cashtag in the search bar — $XXX. Replace XXX with the cryptocurrency’s stock or ticker symbol. For example, if you want the price of Bitcoin, use $BTC.
Who To Follow on Crypto Twitter: Add These 5 Accounts to Your Following List
There are a lot of voices in the Twitter crypto space. This platform has significant speculation, so you must follow the right people. Learn about what’s happening in cryptocurrencies by following these five largest cryptocurrency accounts.
Note: Create a personalized feed of only tweets from these profiles with an X or Twitter list.
1. Vitalik Buterin (@vitalik.eth)
The co-founder of Ethereum, Vitalik Buterin, is a reputable source of information for cryptocurrencies on X. He regularly shares blog posts, talking about Ethereum, the crypto world, and more.
As a thought leader, his understanding and commentary of this space are insightful. You’ll also get to know about Ethereum’s roadmap, along with regular progress updates. He doesn’t try to steer clear of difficult questions about his project.
2. Andreas M. Antonopoulos (@aantonop)
Andreas M. Antonopoulos is another trustworthy figure in the crypto space. He is an educator who spends much time discussing decentralized virtual assets. The author of multiple books on blockchain technology and cryptocurrencies, his insights about this virtual space are always interesting.
3. CoinDesk (@CoinDesk)
If you want news about the crypto world, following CoinDesk on X is a no-brainer. The news site is extremely active on this social media platform and provides updates on the latest developments.
4. ZachXBT (@zachXBT)
One of the biggest problems with decentralized virtual cash is that there are a lot of scams. Newcomers lack knowledge about the crypto market and often let their emotions guide their investments. If you want to ensure you don’t lose your money to scams, it’s essential to follow ZachXBT.
He investigates various projects and provides detailed reports to explain why you should avoid certain virtual coins.
5. Anthony Pompliano (@APompliano)
Anthony Pompliano is a well-known and trustworthy figure in the crypto domain. An entrepreneur and investor, he shares his thoughts about this space regularly. He makes it easier to understand these digital assets and provides links to his YouTube channel, webinars, and podcasts.
2 Tips on Engaging With the Crypto Community on X
When engaging with the crypto community on X, you need to keep the following tips in mind:
- Familiarize yourself with crypto lingo: If you want to follow conversations about crypto, you need to know the terminology of the adopters of cryptocurrency. Otherwise, it becomes hard to understand what is going on in this virtual world. A simple solution is to keep a cheat sheet containing several popular phrases nearby. You can always refer to your crypto cheat sheet if you don’t understand a specific term.
- Always research before jumping on the hype train: If there are two words to describe cryptocurrencies, it’s speculation and hype. As highlighted earlier, this can contribute to price fluctuations, especially for new coins in the market. Don’t take it as a fact whenever you come across any information. Always do your research to ensure you’re making the right call.
Protect Your Credibility in the Crypto X Niche With TweetDelete
The Twitter crypto community is exciting to follow, as there’s so much happening in this virtual space. Also, remember to do your due diligence before supporting any project.
Did you accidentally promote a new cryptocurrency project only to find out the founders were unreliable? Are there multiple links in your profile to cryptocurrencies that no longer exist due to various reasons?
Establishing your credibility in this space is challenging, as there are a lot of bad actors. Fortunately, you can protect your reputation with TweetDelete. You can remove thousands of crypto posts thanks to the mass-delete tweets feature.
You can quickly locate these posts, as there is a powerful custom filter. If you know which posts to remove, use the tool’s auto-delete task. Include keywords and hashtags relevant to the crypto project, and TweetDelete will erase posts with these phrases.
With this what is crypto Twitter guide, you can safely navigate this space and acquire invaluable knowledge.
Prevent your crypto mistakes in the past from affecting your reputation in this community by using TweetDelete today
