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…

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Filed under: News - @ August 15, 2024 3:23 pm