Elon Musk's Influence on Cryptocurrency Markets: Current Impact and Trading Insights 2024
According to crypto analyst @Rager, recent social media discussions highlight a perceived decline in Elon Musk's direct influence on short-term cryptocurrency price movements. Trading data from 2023 to 2024 indicates that tweets or public statements from Musk no longer trigger the same volatility or trading volume spikes seen in previous bull runs, especially for assets like Dogecoin (source: CoinGecko, 2024). Active traders are now advised to rely more on technical analysis and macroeconomic indicators rather than celebrity-driven sentiment for short-term trading strategies.
