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bitcoin
Bitcoin (BTC) $ 99,211.58
ethereum
Ethereum (ETH) $ 3,070.94
tether
Tether (USDT) $ 0.999851
bnb
BNB (BNB) $ 658.87
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binance-usd
BUSD (BUSD) $ 0.995106
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solana
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polkadot
Polkadot (DOT) $ 5.72
tron
TRON (TRX) $ 0.242124
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    HomeCrypto Finance

    Elon Musk tweets and Twitter bot spam influences altcoin costs: Examine

    Crypto Finance
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    By admin
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    Latest News

    Crypto-spouting Twitter bots could possibly be taking part in a a lot bigger function in artificially inflating the worth of altcoins than beforehand understood, a brand new examine has advised.

    Utilizing a pattern of varied FTX-listed cryptocurrencies in a examine printed Aug. 2, the Community Contagion Analysis Institute (NCRI) stated it analyzed over 3 million tweets posted from Jan. 1, 2019, to Jan. 27, 2023, involving 18 altcoins.

    Every line reveals the common variety of botted tweets, which elevated following FTX’s itemizing and point out. Supply: NCRI

    Musk’s tweets affect PSYOP and PEPE

    Chart displaying a major surge in bot accounts a day earlier than Pepe’s launch. Supply: NCRI

    Proceed Studying on Coin Telegraph

    See also  Cybernetic organizations — BORGs — are doomed to fail
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