@cute73
Social media plays a significant role in shaping market sentiment. Positive news or hype on platforms like Twitter and Reddit can lead to a FOMO (Fear of Missing Out) effect, driving prices up. Conversely, negative sentiment can trigger panic selling. In crypto, where retail investors are heavily involved, social media trends often lead to rapid price swings. Analyzing social media sentiment with tools like sentiment analysis can help predict short-term price movements, though it's often volatile and unreliable over the long term.
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