Hello guys!
I am a researcher studying how messages in twitter affects the price, for my thesis. I am currently creating a library grading unique expresions and words that are used in cripto and trading environments.
Twitter is only a media that used by someone when they get information about cryptocurrency, and I guess the function isn't far from Google and Facebook. The price of bitcoin or altcoin is greatly influenced by various information concerning cryptocurrency, each user or trader will use information as the main guideline when deciding to sell and buy.
It is not the social networks that increase the price, it is the people who have a great influence that increase the price. a vitalik twitter, someone from the Core, jian wu, John McAfee are different from many people without power.
Also agree with that, someone who has great popularity on economic growth will affect the movement of cryptocurrency prices, either it is about his positive stare on cryptocurrency or a negative stare on cryptocurrency. This is what causes the volatility of cryptocurrency prices, Twitter users are very numerous or even they use Twitter as a reference to decide to sell and buy.