Experts from Santiment conducted an analysis of social networks and came to the conclusion that Donald Trump, Elon Musk, Changpeng Zhao and Jerome Powell have the most noticeable influence on the crypto market.
According to the researchers, it is these people who appear most often in discussions on X, which is banned in Russia. Reddit and other social platforms related to cryptocurrency.
Statistics show that their statements and news about their activities and decisions can radically change the mood of industry investors.
In particular, US President Trump causes fluctuations in the rate of major cryptocurrencies with any loud announcement. Negative information about this politician reduces demand for digital coins and tokens, while positive information, on the contrary, provokes their growth. Traders try to track the "tone of publications" in order to enter or exit the market in time.
Billionaire Elon Musk is most often mentioned on social media in connection with memecoins and innovative projects. His comments often lead to price spikes, especially when talking about Dogecoin (DOGE) or new coins. Investors follow his tweets to make sure they don't miss the best trading opportunities.
As for Changpeng Zhao, he usually receives positive feedback, and almost all of his publications coincide with periods of price growth.
Jerome Powell plays an important role due to the decisions of the US Federal Reserve System (Fed). Lowering rates often leads to a rise in the crypto sector, while raising them provokes a collapse.
