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The ‘Elon Effect’ shows how opinion leaders shape the FinTech market

In 2021, Elon Musk could send the price of the famous memecoin Dogecoin (DOGE) up by 50% with just a single tweet. He still has a lot of power over the crypto markets, and several people in the cryptocurrency world and traditional finance have accused Musk of manipulating the cryptocurrency market with just a few tweets.

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Source: Cryptocurrency - investing.com

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