Crypto Value? Turns Out, It’s All About the Twitter Followers
The post Crypto Value? Turns Out, It’s All About the Twitter Followers appeared on BitcoinEthereumNews.com.
You know that moment when you’re mindlessly scrolling through Twitter, half-thinking about getting some actual work done? Yeah, that was me last week. But instead of a typical doomscroll session, I got a notification from a Twitter account I followed years ago—a crypto project I’d pretty much written off. Back in the day, this project seemed promising, something I genuinely believed in. But like so many others, the original dev team packed up, and the whole thing faded away, eventually getting de-listed from exchanges about a year ago. But now, a decentralized team has stepped in and is building on the project. My first reaction was, “Why am I still following this?” My second reaction? “Blue Pill or Red Pill?” Naturally, I took the Red Pill and decided to go waaaayyy down the rabbit hole….. I lose track of time for a few days and next thing I know, I have a cool formula for valuing crypto and even a name to go with it… how did I get here? Glad you asked… The Rabbit Hole Begins Curiosity got the better of me, and before I knew it, I was neck-deep in research on this forgotten crypto project. I checked the price— dirt cheap. Yet, there was a persistent thought in the back of my head: is this a total waste of money or the buy of a lifetime? I researched everything: the coding, the original team’s whereabouts, the blockchain’s current backers, and how its technology stacks up against the competition. I was completely lost in the weeds. Then, a buddy of mine drops a line about “network theory”, or Metcalfe’s Law, predicting Bitcoin’s price. Sounded like total BS—until he showed me a chart. The dang thing was freakishly accurate! The theory shows that the more PEOPLE that are connected…
Filed under: News - @ August 15, 2024 3:23 pm