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Twitter becomes major driver of altcoin price

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TL;DR Breakdown

• LCR increased in price by over 13 percent due to social network speculation.
• With Twitter, the most functional cryptos such as Bitcoin have increased in value in recent days.

Crypto trading dominates on social media; investors have been expressing their excitement about making a successful purchase lately on Twitter. Enthusiasts have been recounting their painful experiences investing in a new project that looked promising but was sadly lost.

Sometimes these publications based on cryptocurrencies open a speculative cycle that positively affects crypto prices. There are many cryptocurrencies fans who please speak openly about virtual trading and who expect it.

Tweets about cryptocurrencies increase

Twitter

Cryptocurrency posts on Twitter have increased as tokens are accepted by more governments around the world. According to reports, several cryptos have benefited from these speculative publications to increase the adoptions number. Due to positive tweets, tokens such as Loopring, EnjinCoin, The Sandbox’s, and NuCypher have recently increased.

However, something remarkable about the cryptocurrencies rises is that their peak was not published when the tokens reached their all-time high in value but much earlier. This shows that Twitter posts towards little-known tokens allowed the adoptions wave to increase thanks to the followers of each cryptocurrency influencer.

Enthusiasts towards these cryptocurrencies are looking to take advantage of the Tweets of the most influential people in the market. For example, the Markets Pro account followers have been profiting from their speculations taking advantage of the possible rise that the cryptocurrency could have in the coming days. These profiles on Twitter talk about the volume of operations in the token, its performance, new projects, and above all, its rise in the crypto market.

Twitter is a speculative market that supports cryptos

Professionals in the crypto market believe that when a tweet exceeds three thousand interactions, this could interfere with the token’s value. LRC was one of the last cryptocurrencies with a good rise in its price, reaching over 13.72 percent of its value in 24 hours. After the speculation on Twitter, the token reached 3.15 dollars after going through a volume of operations that exceeded 96 percent.

The largest cryptocurrencies, such as Bitcoin, have also been involved in these speculations within the social network, trading over $64000. However, not all comments based on cryptocurrencies are good because they affect them in other cases.

Perhaps one of the most influential people on Twitter who talks about cryptocurrencies is Elon Musk, who runs the automotive company Tesla and founded Space X. The tycoon often expresses his love for tokens with Dogecoin, Shiba Inu, and Kishu Inu as his preferred virtual currencies. The Tesla CEO has helped keep Bitcoin on the rise, although he has also allowed the token to lose value with a single tweet.

Carisbel Guaramato

Carisbel Guaramato

An avid content creator for over 4 years, Carisbel spends her time on blogs and technology news. She honed her skills as a social communicator and now finds crypto and blockchain news events worldwide for transmission through Cryptopolitan's neutral and incisive way.

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