Five Crypto Personalities to Follow During the Bear Market: Crypto by Bybit
Bitcoin and the rest of the crypto industry have taken a lot of losses lately with the former trading 70% below its all-time high price of around $69,000. As we are in the bear market, many grow tired and some will be tempted to leave the crypto industry for good.
But contrary to popular belief – now, more than ever, is the time to build. With that said, here are five crypto personalities that you can follow, to keep up with industry developments and stay ahead of the curve!
1. Vitalik Buterin (@VitalikButerin)
As co-founder of Ethereum, Vitalik Buterin has a reputation that precedes him — as one of the major thought leaders in the crypto space. With nearly four million followers on Twitter, Buterin has been active in the space for many years. One of the things he recently chimed in on was the effect of Yuga Labs’ Otherdeed mint in the Ethereum ecosystem. Aside from this, Buterin also focuses his attention on Ethereum scaling. With crypto losing around 70% of its market capitalization it will be interesting to see how Buterin and the rest of the Ethereum Foundation will respond to this bear market. One of the biggest moves the second largest cryptocurrency by market capitalization will make is its move from a Proof-of-Work consensus mechanism to Proof-of-Stake called The Merge. This event is temporarily scheduled to be completed in August and will increase transaction speeds on the network, increase security, and reduce energy consumption. The crypto community is certainly keeping a close watch on Buterin who will be an important source of updates on the road to The Merge.
2. Elon Musk (@elonmusk)
The co-founder and CEO of Tesla is one of the most important and influential people in the crypto space today. A Tweet from Elon Musk saying he likes a certain coin, can influence the price of the cryptocurrency. According to a report from Bitcoin.com, Tesla currently holds more than $1 billion in Bitcoin in their balance sheet. Elon Musk has also influenced the movement of Dogecoin (DOGE) like in April 2022 when there was more than a 20% pump when Musk made a bid to purchase Twitter for $44 billion to take the coin private. As of today, Dogecoin can be used to purchase several Tesla merchandise. The social networking platform has always been a valuable source of information for members of the crypto community, but Musk believes that the platform lacks freedom of speech. The deal is currently pending the approval of the U.S. Securities and Exchange Commission and a transfer of ownership to Musk can potentially shape the way the crypto community interacts with one another on Twitter.
3. Coin Bureau (@coinbureau)
Coin Bureau’s videos provide thorough and comprehensive analyses on the latest crypto developments. Coin Bureau also covers plenty of macroeconomic topics that may have an impact on the broader financial sector and the crypto market. The language and pace used in Coin Bureau’s videos are easy to understand and digest for everyday subscribers and viewers. Additionally, the team includes external references in the description box for users to conduct additional research after watching.
4. Daniel from Chart Champions (@ChartChampions)
Learning to read charts is crucial to crypto trading to set buy and sell orders during times of price volatility. This is where YouTube channels such as Chart Champions come in. The channel has over 79.4k subscribers and 741 total videos posted breaking down price action of different cryptocurrencies such as BTC and ETH relative to the rest of the industry. Daniel uses a combination of different trading tools including looking at historical price action relative to market cycles, Fibonacci, Elliot Wave Theory, and Harmonics. The team offers trading tools, personalized crypto trading education and services via live trading sessions on a weekly basis, 24/7 customer support, and market updates on both crypto and stock markets. Check out our interview with Daniel on his tips to survive the bear market.
5. Crypto World (@CryptoWorldJosh)
Established in 2019, Crypto World has garnered the respect of the community and has over 119,000 subscribers and close to 900 video uploads. The channel focuses on the cryptocurrency price action against macroeconomic and historical trends. Crypto World educates users on trading indicators such as the RSI, Bollinger Bands, and candlestick patterns to forecast crypto prices across different timeframes. Josh also uses on-chain analytics to support his claims when applicable. The bear market may be a bleak time for many. However, it may also be a time to capitalize on opportunity. As the renowned investor and philanthropist Warren Buffet once said: “Be fearful when others are greedy, and be greedy when others are fearful.” The time to build our knowledge base on crypto investing and trading is upon us. Stay patient and stay hungry. We’re all going to make it.