I've seen people argue about how social media has been used to spread fake news about Cryptocurrency and someone even said it's killing Crypto cause lots of people have been scammed of their Cryptocurrency through links they come across on the media well my thought to that statement is that the media didn't force them to click on those links and they fell victim to scammers on the media due to ignorance or greed. Well even though the first statement might be right cause paid actors use the media to deceive people into wrong choices of crypto investments, however everything got it's disadvantage and benefits too.
I wouldn't delve into this debate because it's a long topic and there are a lot of things to talk about when we get into social media + cryptocurrencies. However, one thing is clear, social media is one of the best ways to spread news in this era, and cryptocurrency projects are using this to their benefit to a large extent.
Another instance is the airdrop fever, the airdrop have been ongoing for years now but social media through telegram and Ton blockchain has caused a mass participation of airdrops lately compared to previous times and to crown it all, telegram which is one of the biggest social media platform have even got their own exchange and wallet where it's users can easily purchase Bitcoin and other cryptocurrencies.
I can't help but agree with this. The recent trend about Telegram mini-bots have changed the dynamics of this industry completely. A lot of projects are turning their faces to Telegram and TON blockchain because they know that there is a lot of potential in there, projects are getting a lot of attention and engagement from people from all around the globe, and on top of it all, it's not that costly which means that if you start a project announcing an airdrop, you will start getting users very quickly with a few collaborations.