This post is intended to start a discussion on the influence of social media on crypto, please read and leave a comment with your thoughts!
What Is TikTok?
TikTok is a video-sharing social media platform. Videos produced are typically short-form and range in genre from comedy to educational.
TikTok continues to be one of the most exciting new social media platforms. The growth of the platform is exploding, and it’d be a mistake to sleep on it.
Source: App Annie
Viral Influence
So what does TikTok have to do with cryptocurrency?
A lot actually.
Viral videos and content from the platform can have real influence and consequences. For crypto the most obvious and recent example is Dogecoin.
A short video suggesting an investment of $25 into Dogecoin went viral. Over the course of two days the price of Dogecoin more than doubled!
The influence of social media content on crypto is powerful and potentially dangerous (market manipulation, etc.). But there’s also a lot of good that can come from you the platform (teaching newbies, quickly sharing info/analysis, etc.)!
Who’s On TikTok?
Here are a few examples of Crypto TikTok social influencers:
Let’s Talk!
What do you think about TikTok as a platform for discussion around crypto?
Who do you follow on TikTok?
How will TikTok or other social platforms influence crypto?
Leave a comment below!
