The interaction of people in social networks has created a new successful concept of building a business – a personal brand. Communication with the services takes place not only through advertising, but also through conditional communication with the creator of the brand, its main beneficiary. Most of all, the genius, billionaire, playboy, philanthropist, and Iron Man of our time – Elon Musk – succeeded in this.
The owner of Tesla and SpaceX has repeatedly shown the greatness of his power, raising the shares of different companies in one social media post. The most recent example is the “pump” of GameStop shares, which began to rise in price with double force after Elon Musk’s tweet. The billionaire did not stop and today, February 4, posted on Twitter a picture of the Falcon 9 rocket taking off and added the caption “Doge.” Just 50 minutes later, the value of Dogecoin soared by 47%.
Thanks to Musk’s Twitter account, the altcoin set a local high, stopping at $0.059. We see another juggling of the financial markets performed by the owner of Tesla and SpaceX. This was already observed a week ago, when Elon posted on Twitter about the rising price of bitcoin. As a result, the position of the first cryptocurrency has strengthened and increased in price by 15%.
The posts of media and influential people on Twitter, the well-coordinated work of Reddit traders show how much influence social networks continue to receive. Such actions already cause loud resonances in the financial markets and may soon become the strongest tools for influencing the value of certain assets and become opponents of large manipulative investors. Given the digital nature of cryptocurrencies as an instrument of the financial market and its dependence on such shares may have a defining character.
We should not forget the news that the Visa payment system is preparing software for the interaction of bank customers and cryptocurrencies. This can increase the capabilities of the community and its individual personalities, and can influence the processes of the cryptocurrency market. Most likely, such changes are inevitable, and they can turn out to be a manipulative tool for some, and a completely unpleasant surprise for other participants in the cryptocurrency market.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.