Elon Musk, a billionaire figure in the technology sector and also the owner of Twitter, continues to tweet indirectly impacting the cryptocurrency sector. While Musk was previously known for directly tweeting in favor of Dogecoin (DOGE), he seems to have refrained from doing so lately, possibly due to increased pressure.
Crypto-Friendly Announcement from Twitter
Although Elon Musk is not directly tweeting, he continues to make tweets about Twitter, indirectly influencing the cryptocurrency sector. Musk, who is currently in the role of Twitter's CTO and has handed over the CEO position, recently announced a new feature of Twitter. Musk emphasized that now everyone can create a large community on Twitter based on any topic. This feature, called "Communities," has found its place in the left tab of Twitter, and it seems to have made cryptocurrency investors quite happy.
Communities that have almost reached cult status for various cryptocurrencies can benefit significantly from this. The first response to this post came from the XRP community, and a user named XRPCryptowolf stated that the XRP community is the best community in the cryptocurrency sector.
Following the XRP community, similar reactions came from the DOGE and MATIC communities. Both the DOGE and XRP communities stand out in these aspects, and the communities created here can also have an impact on the respective cryptocurrencies as a social media influence.
Shortly before this announcement, Elon Musk expressed that DOGE could be the most suitable candidate for the digital asset project called Twitter Coin. It was mentioned that it could be used for micro-payments on the platform, and now it can be said that the new feature has generated relatively more excitement in the community.
Meme Tokens Rely on Social Media
Cryptocurrencies, especially meme tokens, can be priced based on their visibility on social media, and this directly affects investors. Meme tokens like PEPE, DOGE, SHIB, and FLOKI, along with the communities they create, have a critical impact in this regard, and investors are aware of this.
This article is not investment advice. Anyone considering investing should do their own research and take their own risks.
