MartinBarth
@martinbarth
Social media’s role in driving the price of smaller cryptocurrencies is evident in the short-term price spikes seen in assets like Dogecoin or Shiba Inu. While these movements can be exciting for traders looking for quick profits, they often lack the long-term fundamentals necessary for sustained growth. The volatility created by social media trends can destabilize the broader market, especially if speculative assets attract attention away from more solid projects.
0 reply
0 recast
0 reaction