I mean it's a good tool but people rely too much on these social media channels only. It's definitely useful to know what's going on day in day out but it can skew you the wrong way too. I've had situations where I was planning on buying a coin but saw the toxic community on a particular outlet and never bought in. Huge opportunity loss once that coin pumped.
social media channels are indispensable for crypto projects. They are essential tools for building a brand, fostering a community, and staying connected with the ever-evolving cryptocurrency ecosystem. However, it's crucial for crypto projects to approach social media with authenticity, transparency, and a commitment to providing value to their audience, rather than simply using it as a promotional platform.
The actual interaction is very crucial in terms of promoting and advertising your project as most of the time SocMed uses as venue to communcate with the team, without any updates or any response it can also use as lapses to your project, though in the other side, if the team continue to update and continue to earn traffics and visits, they can convert it to potential support and investment.