Social media discussions play a crucial role in influencing crypto returns: Study By Cointelegraph



Researchers at Pennsylvania State University recently analyzed whether attitudes and emotionality around cryptocurrencies could help predict returns. What they found may be in stark contrast to related financial markets.

According to the team's research work, social media plays a huge role in adoption and activity rates, while cryptocurrency journalism is not a great predictor of market movement:

Social Media Attention Chart and Crypto Market Cap. Source: "An Anatomy of Cryptocurrency Sentiment"