Social Media Influence On Crypto Prices - The Vitalik Effect

in STEMGeeks4 years ago


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Fascinating to watch the price of Kleros shooting up immediately after Ethereum founder, Vitalik Buterin mentioned it on Twitter today.


Vitalik has been obsessed with identity and decentralization recently, and while his intellectual rants aren't to everyones taste, they do shed light on some of the main challenges to blockchain tech as well as what directions it may veer towards in the future.


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Of course, I took the opportunity to mention some of my favorite projects which have their own compelling ways of tackling the issue of identity, such as HIVE and Idena. Anyway, I from a trading perspective, I had previously underestimated what an impact such influencial "thought leaders" could have on price. A 35% price bump in 15 minutes is very significant. Will be paying close attention to his fresh tweets in future.