Post
Topic
Board Economics
Re: Social media has benefitted Cryptocurrency, here is how.
by
Hanadawa
on 07/09/2024, 02:13:52 UTC
-snip-One of the biggest roles of social media today is that it makes it easier and faster to reach people. Sometimes the way to access information is through social media. Sometimes the way to present information is through social media.
Nowadays, social media plays an important role in the modern economy. Social media can be used to expose and promote a product. There are many stories of people becoming successful because of social media. It's the same as cryptocurrency. I think one of the things that makes cryptocurrency popular is social media. When the price of Bitcoin went up, it went viral on social media and people started trying to find out about Bitcoin. Just like when meme coins like SHIBA boomed in 2021 or PEPE went viral in 2024. Then after knowing the success of the two meme coins which could provide huge profits in a short period of time, many people were interested and tried to invest in meme projects or other cryptocurrency projects.