Cryptocurrency influencers are very vocal in promoting tokens or conducting in-depth analysis on the tokens that will perform better than others. Investors tend to consider and follow the advice given by these influencers, which is why tokens promoted by influencers attract high trading volumes.
The six cryptocurrencies that Twitter influencers are recommending include the following:
Bitcoin (BTC)
Bitcoin has become one of the most discussed cryptocurrencies following the recent bill introduced by Senator Cynthia Lummis. The bill recognized the use of Bitcoin as a currency by removing taxes on crypto transactions valued at below $200. Top Bitcoin proponents such as Michael Saylor have applauded the bill, who believe the coin will benefit from regulatory scrutiny.
Your capital is at risk.
Cardano (ADA)
ADA is also another token making headlines, and some of the influential crypto pages on Twitter are praising strategic developments in the network. Cardano is expected to implement the Vasil hard fork in June, triggering FOMO. More projects are also building up on the network, creating an opportunity to buy ADA for future returns. The hard fork is expected to boost gains on the network, and the total value locked (TVL) could increase significantly.
Your capital is at risk.
Illuvium (ILV)
The Illuvium token is also making rounds in crypto discussions globally. Influencers have been promoting the token following the recent sale of virtual land. The land sale was successful, and it generated $76M. People could buy ILV if they expect more utility from the token.
Your capital is at risk.
Ripple (XRP)
The other token that is also making headlines among influencers is Ripple (XR). XRP is still entangled in a lawsuit with the US Securities and Exchange Commission (SEC), but this has not prevented influencers from promoting the token. The latest prediction about this token was that it would hit $100. The prediction was made by the ex-developer of Ripple.
Your capital is at risk.
Chainlink (LINK)
The other token that is also being addressed by influencers is Chainlink. LINK ranks as one of the oldest cryptocurrencies in the market. The token has continued to receive praise from some veteran cryptocurrency investors because of the network’s potential to support the growth of the decentralized sector. LINK could make notable gains if the network continues to receive overwhelming adoption. Moreover, if the market recovers, LINK could be among the prime tokens for these gains.
Your capital is at risk.
Tron (TRX)
The other token that is also becoming quite popular in crypto Twitter is Tron. A few days before Terra UST crashed, Tron’s founder, Justin Sun, had announced the blockchain would launch an algorithmic stablecoin. The USDD stablecoin has managed to withstand the market stress, and it is making notable gains. The success of the stablecoin could trigger gains for TRX.
Your capital is at risk.
Crypto Signals - Learn to Trade
- Free Telegram Community & VIP Channel
- 3 - 5 Crypto Signals Daily
- VIP Access when Opening an Exchange Account
- Market News & Technical Analysis - cryptosignals.org