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Bitget Nansen Study Confirms Crypto Prices 100 Percent Influenced by Idiots Arguing on the Internet

An illustration depicting a chaotic internet landscape with multiple screens displaying different crypto prices in real-time amidst users arguing online; some screens show rising or falling trends while others display static images representing uncertainty. In the background, Ethereum (ETH) is shown as a central hub connecting various tokens through lines and nodes symbolizing their interconnectedness. A few figures are seen trying to navigate this complex environment with charts and graphs in hand, highlighting the importance of data analysis for accurate price forecasting.

The crypto bros will be thrilled to know their participation in online forums actually has an impact on something other than just proving how gullible they can be – namely, influencing cryptocurrency prices. But let’s not get too excited; after all, this is still a world where people believe that numbers randomly generated by computers have value and are willing to part with real money for them

Source: bitcoin.com

Bitget and Nansen Research teams have released a comprehensive report detailing the significant role community engagement plays in predicting token prices. The collaborative study underscores the importance of combining onchain and off-chain metrics for accurate price forecasting. Researchers from the crypto exchange Bitget, and Nansen, a blockchain analytics platform, have unveiled a joint report that emphasizes the power of community engagement in forecasting token prices. The study examines both early-stage […]

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