Twitter audience has a strong interest in cryptocurrencies

Representatives of the Reuters news agency reported on a study on the most popular topics on the social network Twitter. English-speaking users in most cases are only interested in two topics: cryptocurrencies and 18+ content.

In recent years, digital assets have become increasingly popular. This trend is especially evident in various social networks. Apparently, many users are attracted by the possibility of getting rich quick, despite some risks. The topic of cryptocurrencies peaked in popularity at the end of last year. After the crypto winter caught up with the owners of digital assets, their interest in bitcoin and altcoins disappeared. Now, the hype around crypto assets has begun to appear on Twitter again, despite the fact that the digital asset industry is clearly going through hard times.

Photo: Theo Wargo/WireImage

It is easy to guess that Elon Musk is the main popularizer of cryptocurrencies on Twitter. In the first half of 2021, he especially promoted the Dogecoin memtoken, which in a short time will reach unprecedented heights and reach $0.71 at the moment. Moreover, Elon Musk expressed his commitment to this crypto asset so much that he even appeared on the American show Saturday Night Show, where he campaigned for the purchase of this asset. At the time of writing, the value of the crypto token is $0.07224, and its market capitalization exceeds $9,580,000,000.

In addition to Dogecoin, Elon Musk also made publications with the topic of Bitcoin, and his company Tesla is also known for the fact that the main cryptocurrency was also present in the assets. It is noteworthy that his word on Twitter caused such a great resonance that publications influenced the price of bitcoin, and the world-famous anonymous hacker group Anonymous threatened him with reprisal for such actions.

Elon Musk expressed his willingness to acquire Twitter and said that the deal should be completed on October 28, and as a result of this, Dogecoin quotes increased by 8%. Musk wants to introduce payment via DOGE on this social network, which can continue the positive growth trend of the memtoken. The latter, by the way, gained popularity due to the absolutely imperceptible commission and fast transactions on the network.

Many analysts suggest that the closed deal to buy Twitter may scare away many users with innovations and not only, as a result of which the social network is likely to lose a significant part of its audience.