There is more attention on cryptocurrency today than there has ever been in the past. It has evolved to become an asset class that is popular among the younger generations and even among the baby boomers, generation X, and millennials.
As more and more investors start investing in cryptocurrencies, the need for their literacy on the subject, in turn, rises. Since cryptocurrency is still relatively new, there are few studies on the topic.
Often, influencers found on social media networks help people to get acquainted with cryptocurrency. They convey information that makes the whole crypto space easily understandable to the new entrants.
This article is for those who need some recommendations of the best crypto influencers to follow in 2024.
Who are Crypto Influencers and Their Impact on the Industry
Crypto influencers are individuals who have gained the trust of the public on matters concerning cryptocurrencies. They are aware of various aspects of the crypto market such as smart contracts, dApps, blockchain, and many others.
These influences use social media channels like X, YouTube and other mediums to express their views and forecast the markets.
Some of the most influential people in the cryptocurrency market have also been into the promotion of new trends. Thus, through the use of NFTs as profile pictures on X, many have provoked specific crypto events, such as Elon Musk’s approval of Dogecoin.
They are also promoters of crypto literacy since they educate their followers on the crypto trading market.
Some of the popular cryptocurrency influencers also encourage the new projects coming into the market. Because of the existing market, social media is one of the best mediums for crypto influencer marketing.
They can control or at least have an effect on the current price of any asset. When an influencer makes a recommendation for a crypto coin or a project investors follow the influencer and invest.
Such moves normally help in increasing the trading volume and may also influence the market capitalization of the particular coin. This is to show how influential they are in the blockchain society.
The Role of Crypto Influencers in the Market
Crypto influencers play many roles in crypto. Let us look at them one after the other.
-
Education
These people dedicate their time and even resources to teaching people about digital currencies. They break down such complex terminologies as smart contracts into terms that their audience can easily understand.
They usually hold lectures and seem to engage their followers with many detailed posts and pictures on social media, videos on YouTube, or even short messages on Twitter.
-
Market Trend: Analysis and Update
Apart from education, the crypto Influencers also explain the analysis and trends of many coins and their potential behavior in the future.
They track the growth and the fluctuations in the price of many coins and describe how any change in the regulation can affect any project. This is beneficial to investors to assist them in making the right decisions given that the cryptocurrency market is volatile.
-
They Act As the Voice of the People
Crypto influencers are the representatives of the community who speak for them. Some of the activities are to provide answers to the questions and engage the followers. They use their large social media following to speak up in cases of strict regulations or fraud.
-
Promote Projects
Crypto influencer marketing is a very common trend today. A crypto influencer uses his popularity to bring promising projects to the community.
A targeted crypto influencer marketing campaign helps new projects attain the level of popularity they need.
Best Crypto Influencers To Follow in the Crypto Space
Out of the more popular cryptocurrency influencers below are the top ten you should follow. Some are present on both X and YouTube while some are more active on X.
-
Anthony Pompliano
Anthony Pompliano is the first influencer on the list. He has over 1.6 million followers on X and is well known as Pomp.
Asides being a cryptocurrency expert, Pomp is one of the co-founders and a partner of Morgan Creek Digital Assets. For records, Pompliano actively supports Bitcoin more than every other coin that is out there in the market.
Pompliano often reveals his opinions and market reviews on his social media channels such as X. The channel has a following of over 564K.
He also has a podcast known as The Pomp Podcast where he discusses topics such as crypto Social media trends or engages different OGs in the Cryptocurrency industry in an interview.
-
Michaël van de Poppe
He is a popular crypto analyst on X with about 722k followers, a full-time crypto day and swing trader who has made a big name for himself in the blockchain industry.
Van de Poppe is the CIO and founder of MN Trading Consultancy, MN Capital, where he is famous for giving analyses of the market for crypto assets.
Specifically, on X, he consistently posts updates on Bitcoin, altcoins, and other linked ventures. Van de Poppe even has a trading course that he made for his followers.
In this course, he talked about how and when to trade altcoins and his own personal trading strategies.
-
Michael Saylor
Michael Saylor is a very popular cryptocurrency influencer known for his belief in Bitcoin. He is the co-founder and chairman of MicroStrategy, a company that recently purchased considerable quantities of BTC. He is currently one of its biggest supporters and has more than 3.5 million followers on X.
Saylor states that Bitcoin will govern the future, he also referred to it as “digital gold.” Saylor majorly expresses his opinions on BTC and other cryptocurrencies via podcasts, interviews, and conferences.
Due to his popularity, many people have been encouraged to start using Bitcoin hence facilitating its use and expansion. Saylor’s company, MicroStrategy, currently owns over 226,500 BTC as of June 24th, 2024.
-
Ben Armstrong
Ben Armstrong, also known as BitBoy Crypto, is both famous on X (78.5k followers) and YouTube (120k subscribers). He is one of the many popular crypto influencers who create content on various cryptos and upload it to their social media accounts.
Being an influencer on X, he engages his followers by sharing information about different cryptocurrencies and their projects/activities. He writes his content for both the new investors and the more seasoned ones. BitBoy Crypto also reviews cryptocurrencies on his YouTube channel and also does live streaming.
-
Elon Musk
Elon Musk might be known as the CEO of Tesla and X, but is also a very popular influencer of blockchain technology. He is an entrepreneur and is among the most influential business magnates and also among the richest men in the world.
He has 193 million followers on X which is not a shocker given he is the current CEO. This is true because with the many followers that Musk has he becomes a key influencer in the world of cryptocurrencies as he has the ears of the world.
Many are testifying that he has caused a lot of volatility with his tweets and other public remarks on various occasions. Elon Musk also joined the cryptocurrency debate starting from the year 2020.
He has in the past made comments on Bitcoin and Dogecoin that have quickly changed the price of the two cryptocurrencies. He recently called himself ‘Dogefather’.
-
Crypto Wendy
CryptoWendy is one of the leading female voices in crypto. She has over 384k followers on X. She gathered this huge following by posting her opinions about irregularities in the financial sector.
She has also taken the defense of the crypto industry multiple times. Besides, Crypto Wendy also gives market analysis for the crypto trading market.
-
Vitalik Buterin
Any list of cryptocurrency influencers will not be complete without Vitalik Buterin. Buterin is best known for co-founding Ethereum, the second generation blockchain platform.
Vitalik Buterin has over 5.3 million followers on X, and is among the youngest crypto millionaires in the world. He is not only limited to Ethereum.
Buterin has been an advocate of the crypto community elaborating on how blockchain technology can change the future. Buterin also donates to the crypto market and that contributes to his recognition.
-
Lark Davis
This is one of the top influencers on YouTube boasting over 580k subscribers. He provides information on price chart analysis and even does live streams.
Similar to other influential people, Lark has a ‘How To’ section in which his followers can get information on how to make money in the crypto market. It also has tutorials on how one can engage in crypto trading.
-
Rekt Capital
Another top crypto influencer we should look at is Rekt Capital, which has over 487k followers on X. He is a pseudonymous crypto trader popular for his correct calls and analysis.
The following are some of the things that Rekt Capital offers to his followers; educational content, market breakdowns and Crypto solutions. He also offers the same through X, YouTube, and newsletters in the form of detailed market data and trends.
-
Altcoin Daily
A list of YouTube influencers in crypto is not complete without Altcoin Daily, a channel owned by two brothers, Aaron and Austin Arnold. They provide their 1.4 million subscribers on YouTube with valuable market insight.
All their social media platforms are filled with information on what is happening in the crypto sphere, analysis, and market insights.
Like some analysts, both brothers are major supporters of Bitcoin and are known to trade altcoins to build their portfolios.
Benefits of Following Top Crypto Influencers
Some benefits you can enjoy by following top crypto influencers are:Some benefits you can enjoy by following top crypto influencers are:
-
Reliable Information
Crypto influencers are expected to provide crucial and to-date information on a certain crypto project, blockchain, and even the market. This can be rather useful for those seeking the top cryptocurrency to invest in within the year 2024.
-
Market Analysis
Influencers can give you a detailed analysis of any digital currency whether it is the popular OGs such as Binance Coin. They even decipher price graphs, markets and data to ensure that you get adequate information when you want to buy or sell digital currencies.
-
Early Access to Opportunities
Crypto influencers are among the first to know about any new development, be it a new crypto project, ICOs (Initial Coin Offerings), etc. They often help to promote crypto projects. Such information is handy in the crypto world as it aids in identifying potential projects that have a high probability of growing.
- Predictions
Experienced influencers, especially those who do analysis on social media, usually post price predictions for many cryptocurrencies.
How to Choose the Right Crypto Influencer
Choosing the right cryptocurrency influencer is very important for getting trustworthy and offering valuable information.
Let us look at some tips you can follow when choosing a cryptocurrency influencer:
-
Their Expertise
Influencers should have a deep understanding of what they are teaching about. The only way they can be able to explain crypto and break it down in simple language is if they are properly grounded.
Ensure the influencer has a good track record in terms of price predictions.
Their success rate may not be 100% but it should be relatively high and they should have a good reputation in the community of cryptocurrency.
-
Community Feedback
Lastly, always see what their community is saying about them on social media. A good cryptocurrency influencer is one that has positive reviews from other followers. This is a positive as it shows that they are trustworthy and their operations are not concealed.
-
Consistency
Search for those people who frequently share the news and information about top cryptocurrencies in the market. This will demonstrate that they are well-informed on decentralized finance and other aspects.
-
Engagement With Followers
Influencers who are in touch with their followers from time to time are mostly real influencers. Look at the way they answer questions and engage with the people within their social network. It is possible to offer more value and gain the trust of the target audience through such engagement.
The Future of Cryptocurrency Influencers
The role of influencers is adding up everyday, thanks to the growth of the blockchain industry. Blockchain is already starting to permeate our everyday lives, and therefore the work of these influencers is even more significant.
-
Advocating for Crypto Adoption
Conventional investors also dive into coins like Bitcoin and Ethereum because of Crypto ETFs. Thus, a crypto influencer who supports the use of blockchain technologies can contribute to the popularization of their application in the future.
They can educate other investors on the possibilities and risks of digital currencies and other similar things.
-
More Educational Content
The content developed by a crypto influencer will increase in interactivity. There could be an increase in virtual interactions like meet and greet, live streaming and interactive webinars.
These formats will enable a person to gain knowledge on what Bitcoin, Ethereum and other related blockchain technologies are in a more entertaining way. Other formats such as a crypto academy can also be used.
-
Lend Their Voices for Regulations
A growing responsibility of a crypto influencer is to demand reasonable rules that safeguard the investors but also support the development of the industry.
Conclusion
The importance of influencers in crypto does not end at social media. Newcomers in the crypto world as well as experienced investors can gain a lot of knowledge from their knowledge.
You can get information on trends in the market and analysis. Their input can also be useful to you when choosing which asset class to invest in.
