In addition, there are influencers who reject projects that they want to promote because they are unpromising. Before accepting the project offer, they carefully investigate whether the project is a scam. They consider the efforts of their followers rather than the money we get from promotion in order to ensure that they are not wasted. It's gratifying to believe that influencers still prioritize the others over their own interest. Therefore, if they do it, they will undoubtedly gain more followers and projects to promote in the future. That is also true in trading, some influencers prove that they are profitable before convincing their followers to trade.
There are only a few and those who have the responsibility of being famous influencers
and have a lot of followers should provide projects that are really good and not scam projects.
When they share genuine and well-developed projects, it will be good for the long run and their followers will grow.
This can be a positive value.
There are many types of Influencers such as trading-focused, airdrop-focused, and investment-focused all related to crypto.
I have a list of Influencers that I follow and trust.
Now there are many new influencers who are only concerned about their own benefits.
Promoting memecoins that eventually rugpull and promoting some projects that do not develop. Have to be aware of that.
We really need to watch out for that because many of the influencers have that mindset. Most of them reward tokens to users who follow them. That's why it's not surprising that even if an influencer promotes unpromising projects, he still has a lot of followers. Those new users who are looking for legit projects may fall victim to this because they can see that the influencer has a lot of followers, so they will think that what is being promoted is legit. That's why we should not base on followers, we have to do some research to a project before entering it.
It's the same with trading, there are influencers who forecast Bitcoin or any alts, but they don't know how to trade. So we have to watch out for that because they might send a signal that will only deplete our funds.