The following seismic shift in the internet will have huge consequences for crypto and all technologies.
Elon Musk’ X is now not only the number 1 news app worldwide in downloads and usage in Google Play and IOS Stores — but has surpassed now Meta (formerly Facebook) and Instagram for daily users:
That’s huge news.
X is where everything is at now and independently proven by Similar Web too.
If you’re an advertiser (big or small) and not on X now you are simply missing out where all the users, data and quality segments of all markets now are.
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That’s where the audience now is — on X.
What does this mean for crypto?
The news of X (formerly Twitter) surpassing Facebook and Instagram in daily users is significant and could potentially have ripple effects on the cryptocurrency market.
Here’s a breakdown of possible impacts:
1. Increased Crypto Adoption and Awareness:
- Expanded reach: X’s massive user base can significantly increase exposure to cryptocurrencies and blockchain technology.
- Influencer marketing: Crypto-related content and influencers can leverage the platform to reach a broader audience. Potentially driving interest and adoption.
- Educational content: X can become a hub for crypto education — demystifying complex concepts and attracting new investors.
2. Potential for Crypto-Related Features:
- Integration of crypto wallets: X could integrate digital wallet functionality too allowing users to send and receive crypto directly within the app.
- Crypto payments: X might facilitate crypto payments for various services or products offered within the platform soon.
3. Impact on Social Tokens and Cryptocurrencies:
- Increased interest in social tokens: The platform’s focus on community and interaction could boost the popularity of social tokens which represent ownership or participation in online communities.
- Meme Coins: Meme coins tend to lend themselves towards communities and as X is now the number one worldwide social media and news app for number of unique users, this would make sense for more on X.
- Potential for new cryptocurrencies: The increased attention on X could lead to the creation of new cryptocurrencies or tokens tied to the platform or its ecosystem.
4. Market Sentiment and Volatility:
- Positive sentiment: Positive news about X’s growth could contribute to a generally positive market sentiment. Potentially leading to increased cryptocurrency prices. Musk make sure all bots are removed from the platform however worldwide. He must make this his key focus to drive quality traffic, UX and user experience and maybe use just passport verification on its own. Don’t use drivers’ licenses as they have sensitive info like people’s address on them. Verify by phone, email and passport more than enough to verify someone’s identity. No passport no use of social media anymore. Best policy implementation.
- Increased volatility: Significant announcements or developments related to X and crypto could cause short-term price fluctuations due to market speculation. Be wary of what’s ahead. Bitcoin for example lost some value recently after some tipped it to increase because of Trump talking about it at a tech conference. There are far more powerful people than Trump that influence everything.
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