When legendary scientist Isaac Newton said that he could see further because he stood on the shoulders of giants, he was referring to crypto influencers. Well, he wasn’t but he might as well have been referring to them. Because of their existence, cracking the code that is the crypto-verse has become unprecedentedly easier.
Any authentic crypto winner will tell you that it takes a bit more than knowing the technicalities of blockchains and crypto-assets to make something of the industry. Following an industry-sharp and trend-smart luminary in the crypto-verse will get you further than whatever you can accomplish on your own.
This is why we have compiled a list of 10 crypto influencers you should be following. All of the influencers listed on this compilation are well-known characters on social media. So, you should be able to follow the links to their various platforms and pages. Then, you should be able to live long and prosper in this era of insightful crypto trading, investments, and wealth creation.
For most internet users, Elon Musk does not need any introduction. The man has vastly exceeded most realistic gauges of influence in the crypto sphere. In fact, owing to his exploits in terms of sheer sway over public opinion (and crypto trends as a result), there is now something referred to as the Musk Effect.
The Musk Effect simply refers to the unparalleled response that the crypto world has to Musk’s shared opinions on crypto matters. In 2021, especially, Musk had gotten so tight a hold on crypto trends that a single tweet about his company, Tesla, purchasing $1.5 billion worth of bitcoins resulted in Bitcoin growing by 20 percent in a matter of hours. Not long after, he praised Dogecoin as ‘... the people’s crypto …’ and the value of Dogecoin rose by half—again, in a matter of hours.
Musk’s primary social media platform is Twitter, so you can always follow his tweets at elonmusk. However, be very ready for the Musk Effect which may not always make sense. Even so, following Musk is virtually guaranteed to give you a head start in the game. He may not tell you the value of utility coins, but the value of utility coins will keep pace with his tweets (and almost always never the other way around).
Vitalik Buterin is a brilliant crypto visionary, programmer, and writer. Better known for being a co-founder of Ethereum, Buterin has gone on to become one of the youngest people alive with the deepest insights into the workings of blockchains, digital contracts, and digital currencies.
Buterin was born in ‘94, so he is quite young. In fact, when he shared the idea of Ethereum, the ‘open source alternative’ to the original blockchain, Buterin was only 19 years old. Even now, due to his young age coupled with his massive influence on the crypto-verse, Buterin is fondly called the ‘Prince of Crypto’, although he himself doesn’t seem to attach more importance to the title.
But that is not your problem. In fact, Buterin is notable for being a behind-the-scenes person. Thus, you will not hear him offer casual opinions regarding any crypto-related. Instead, he makes it a point to share insightful bits of information about blockchains, digital currencies, and all other things that drive the crypto industry.
As such, if you are interested in knowing the WHYs and the HOWs of the crypto world, the first person you need to pay attention to is Buterin. You can simply follow him on Twitter at vitalik.eth.
If there is someone else you should pay attention to in the world of crypto trading and investments, the latter especially, that person must be Roger Ver. Ver is the crypto equivalent of a forefather. Thus, because he believed in the prospects of Bitcoin earlier on and invested in it without hesitation, Ver is known in the crypto world as the Bitcoin Genius.
Ver is an interesting person, especially when viewed from the angle of crypto influencers. He does not have that deep an insight into the workings of digital currencies or blockchains, nor did he ever need to write extensive computer programs that eventually became acclaimed and associated with the crypto movement. No. Ver is only an investor, a very discerning crypto investor.
As earlier mentioned, he was one of the earliest people to put his money where his mouth was—in Bitcoin. Over the years, he has also supported many other crypto initiatives, gradually making himself into a calculating serial crypto investor. He could even be listed as the crypto version of an adventurer, except he almost never misses the mark whenever he invests in a crypto project.
As you continue down this list, it is also important that you take note of people who are not so much founders or super investors but winners. These are the ones that Steve Jobs referred to as the misfits, the ones who get things done. Following these individuals will lighten your steps in the crypto world and give you more ambition to engage in more projects, and take more risks, all the while being conscious of and deliberate about your moves.
This is where Marco Cassetta is a great choice for a crypto patron. Cassetta is a marvel on the World Padel Tour with momentum like that of the Incredible Hulk: domineering, unstoppable, irresistible. With his stunning career profile, Cassetta has come to be recognized as one of those sportspersons with a perpetually brilliant destiny, which is not unconnected to his ambition to be nothing but the number 1 padel player in the whole world.
Different crypto platforms and initiatives have been eyeing Cassetta, intending on making him an ambassador because of the weight he is going to be pulling once he becomes a front liner in the industry. He decided to pitch his tent with Kyrrex crypto recently, which just goes to show how much of a deep insight he has into the crypto system.
You should check out his profile on Instagram at marco_cass33 and keep an eye on his moves in the crypto-verse.
Another progressive influencer that you should check out and keep an eye on is Martín Di Nenno, the number 3 best padel player in the world. Like Cassetta, Di Nenno is building an impressive portfolio of sportsmanship. This is gravitating him towards superstar status in the industry of influencers and exemplars, so there is much value in following him.
Di Nenno is not the usual brand of sportsman with more interest in the game than in other aspects of life. Despite his early involvement with padel, Di Nenno has learned to make something of himself in the social scene. As a result, his interests in investment and wealth creation are firm and deliberate.
Samuel Bankman-Fried (SBF for short) is the model young crypto CEO. As the founder and main power behind the crypto exchange platform FTX, SBF has more than enough influence to change the crypto landscape whenever he wants.
Unlike many others with similar crypto status, SBF is all about the industry. In fact, it was his dedication that ultimately inspired him to found FTX, preferring to create a flexible crypto derivatives exchange out of nothing than rely solely on available options, many of which were “crappy” in his not-so-humble opinion.
SBF has an active presence on social media, so it is easy to keep track of his doings. Moreover, he is always keen on sharing what he considers new moves and innovations of the industry. Some of his posts and links have turned out to be cleverly-worded advice that helped some of his followers.
You can follow SBF on Twitter at SBF_FTX to gain a head start on changes that are coming to the crypto-verse. As he is a front-liner, most (if not all) of his shared opinions on these changes are about as important as the changes themselves.
Tim Draper is the typical American venture capital investor. He has boundless knowledge about every single one of his investments and enough charm to take all of an industry’s investment benefits for himself. However, he has a gregarious personality, so he is as notable for his investment smarts as for his willingness to share juicy opportunities with his followers.
Draper’s foray into the crypto industry is not overly complex. He, like Ver, believed from the start that decentralization and digital assets were the paths that finance in the future must take. Consequently, Draper went to great lengths to invest his money in Bitcoin while other investors of similar grit and experiential grime were hesitating.
Perhaps the best evidence of Draper’s understanding and deep expectation for the crypto industry is when he predicted back in 2014 that Bitcoin would become valued at $10,000 in 2017. And it was so.
Draper continues to invest in crypto projects all the time, but the best thing about all of this is that he is still happy to share his insights with everybody else. So, you can follow his Twitter feed @TimDraper for this scintillating content on crypto prospects and other investment secrets and opportunities.
Barry Silbert is another pioneer in the crypto world. His interests started with Bitcoin far back in 2012, and his early commandeering activities placed him ahead of his peers and he is never shy about pointing that out.
Silbert is a very well-known crypto influencer, the kind that uses his actions to intimate and intimidate the crypto industry, whether directly or indirectly. It is from following him that many hesitant crypto traders and investors eventually became domineering versions of their past selves, confident that what they know about the dynamics of the industry is enough to ensure that their investment adventures are ridiculously profitable. And they have been.
Researchers generally point to Silbert’s frontier crypto companies, Grayscale Investments and Digital Currency Group, as the biggest evidence of his grand investments in the industry. In truth, these only serve as valves for his corporate persona. His personal investments in the industry have been just as well-thought-out, insightfully organized, and impressively profitable.
Silbert gives incredible advice on crypto investment prospects via his Twitter handle @BarrySilbert. Keep up with him and you will not regret doing so.
There aren’t only male crypto influencers, the women are also holding their own. Altcoin Sara is one name that has reached the lengths and breadth of the crypto industry. This is primarily because the figure behind the name is all about bringing gender inclusiveness to the opportunities to be had from trading and investing in cryptos.
Sara’s initiative, Altcoin Buzz Ladies, is the main thing she is noted for. Even so, she is a brilliant crypto analyst whose knowledge is not limited to applying inclusion principles to the crypto-verse.
So, regardless of your sex or gender, as long as you want detailed content on cryptos, you can check out Sara on Twitter @AltcoinSara.
Without question, Sara is not the only female crypto influencer around. Lyn Alden is another and her focus is more on crypto investments and profitable investments in general than on anything else. Nevertheless, her analytical sessions are highly sought-after due to their accuracy and lack of bias.
Alden’s research firm, Lyn Alden Investment Strategy, is one of the more popular investment companies on the block that has remained relevant over the years. Again, this is because her analysis of investment risks and opportunities is almost always on point.
And that is the end of this compilation of 10 crypto influencers you need to be sticking closely to right now. Be deliberate about following these 10 and you will understand Newton’s comment about being able to see far because he borrowed the shoulders of giants.
On September 3, 2023, Kyrrex celebrated an important milestone: our fifth anniversary. Five years in the dynamic world of cryptocurrency is an achievement that evokes a deep sense of pride. This date holds great importance to us. Over these years, we’ve been deeply committed to our mission, continually iterating and improving for the community.
Throughout this journey, we have strived to develop and introduce features that serve the evolving needs of our users. We have empowered businesses, providing them with the tools they need to launch and operate seamlessly in the crypto space. The introduction of the liquidity hub has ensured that trades are executed with speed and efficiency, creating a reliable trading environment.
Kyrrex's cooperation with the world of sports is a testament to our commitment to excellence. Among our respected ambassadors, we are honored to count elite athletes such as Jorge Martín from MotoGP, Martín Di Nenno, a padel top player, and others. This collaboration is deeply symbolic. These athletes, who stand at the peak of their sports, mirror our relentless passion for perfection.
We also have been part of history, observing meteoric rises in the value of Bitcoin and other cryptocurrencies, navigating through moments of market turbulence, and witnessing the inception and demise of various startups and billion-dollar projects.
As we move forward, our vision for Kyrrex is crystal clear. The roadmap ahead is filled with ambitious plans, from expanding into new markets and acquiring more licenses to introducing more innovative trading projects. Each of these milestones will be realized thanks to the dedication of every team member. Special acknowledgment goes to our CEO, Kevin Plumpton, and the co-founders, Mykhailo Romanenko and Viktor Kochetov, whose leadership and vision guide our journey.
As we turn the page and step into a new chapter of Kyrrex’s story, we begin a fresh countdown, setting our sights on greater horizons.
Here's to the next chapter, to innovation, and to continued success!
Have you ever wondered what makes crypto trading tick? It’s all about liquidity! In this blog post, we will delve into the importance of liquidity in crypto trading and how it compares to traditional finance. Get ready to unlock the secrets of this vital aspect of the trading world.
As in traditional financial markets, liquidity in crypto trading refers to the ease of buying or selling digital assets without significantly affecting their price. The concept of liquidity is crucial for the smooth operation of any market, be it the stock market or the cryptocurrency market. Factors such as market depth and bid-ask spread influence cryptocurrency liquidity, just as they do in stock markets.
A deep market with ample liquidity indicates a healthy market, allowing efficient trading and accurate price discovery. Conversely, low liquidity can pose challenges, such as increased slippage and price volatility, which can discourage investors and hinder market stability.
Market depth refers to the number of buy and sell orders available at different price levels, with higher depth indicating greater liquidity. Increased market depth is indicative of increased liquidity, as it suggests a higher level of trading activity and a more liquid market.
In other words, the more buy and sell orders that exist on the market, the easier it is for traders to execute their transactions efficiently without causing significant price fluctuations.
The bid-ask spread is another crucial indicator of market liquidity in crypto trading. It represents the gap between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept for a given digital asset. A narrower spread is indicative of increased liquidity, as it reflects a higher presence of buyers and sellers in the market.
A tighter spread facilitates faster and more efficient trading of assets at fair prices, ensuring that all market participants can execute their transactions without significant delays or price fluctuations.
Cryptocurrency liquidity is influenced by various factors, including trading volume, market makers, and the regulatory environment. Understanding these factors is essential for traders and investors who wish to make well-informed decisions and navigate the often volatile crypto market with confidence.
Let’s take a closer look at each of these factors and how they impact liquidity in the crypto market.
Trading volume is the amount of assets traded within a specific period of time, with greater volume indicating a higher level of liquidity. Increased trading volume implies heightened trading activity, which in turn suggests a more liquid market.
Identifying digital assets with high trading volume is one way to spot cryptocurrencies with high liquidity, as a large investor base and high trading activity are indicative of increased liquidity.
Market makers play a vital role in providing liquidity in crypto trading. These entities, which can include large banks, brokers, or hedge funds, place buy and sell orders in the market, thus ensuring sufficient liquidity to facilitate efficient trading and maintain price stability.
Market makers continuously quote bid-ask asset prices to keep the spreads within a certain range, making a profit from the bid-ask spread difference. By providing liquidity, market makers contribute to reduced slippage, improved price discovery, and enhanced market efficiency.
The regulatory environment surrounding crypto trading can also have a significant impact on liquidity. Some ways in which regulations can affect liquidity include:
A favorable regulatory environment can encourage participation in the market, thereby increasing liquidity, while stringent regulations can discourage participation and lead to reduced liquidity.
Liquidity providers play a crucial role in the crypto trading ecosystem by ensuring the availability of assets for trading and maintaining stable prices. These entities help to create a more efficient market, allowing traders and investors to execute their transactions without significant delays or price fluctuations.
Let’s explore the different types of liquidity providers and the incentives that encourage them to provide liquidity to the market.
In the crypto trading space, liquidity providers can be:
An example of a centralized exchange liquidity provider is Kyrrex Liquidity Hub which provides improved and centralized liquidity with seamless transaction matching, and a wide variety of cryptocurrencies to exchanges and other crypto platforms. Its features include effortless crypto asset matching, sufficient order book liquidity, high-speed processing, minimized commission costs, and secure custodial storage for clients' funds. Liquidity through the Hub can be deployed directly or through other modes including market maker.
Automated market makers are computer programs that utilize algorithms to facilitate the matching of buyers and sellers, contributing to the overall liquidity of the market.
Liquidity providers can benefit from various incentives in the crypto trading ecosystem. For instance, they can earn transaction fees and token rewards for providing liquidity to trading pairs on exchanges. Additionally, liquidity providers may take advantage of yield farming incentives, which involve providing liquidity to a decentralized exchange or liquidity pool and receiving a share of the pool’s trading fees or rewards in return.
These incentives help to attract and retain liquidity providers, ensuring a stable and efficient market for all participants.
High liquidity in crypto trading offers several advantages for traders and investors alike. With ample liquidity, market participants can enjoy reduced slippage, better price discovery, and increased market efficiency, which are essential for smooth and profitable trading.
In the following sections, we will delve into each of these benefits and discuss their implications for the crypto market.
Reduced slippage is one of the key benefits of high liquidity in crypto trading. With more buyers and sellers in the market, large orders can be executed without significantly impacting the asset’s price, leading to more favorable execution prices for traders.
This is particularly important for investors with sizable positions, as it allows them to enter or exit the market with minimal price impact, thereby maximizing their potential returns.
High liquidity also leads to better price discovery, ensuring that assets are traded at fair market value and preventing potential price manipulation. In a highly liquid market, the presence of more buyers and sellers helps to establish an accurate price for each asset based on market activity.
This is essential for a stable and efficient market, as it allows traders and investors to execute their transactions at prices that accurately reflect the true value of the underlying assets.
Lastly, high liquidity contributes to increased market efficiency, allowing for:
This creates a more favorable trading atmosphere for all market participants.
While high liquidity offers numerous benefits, low liquidity in crypto trading can pose several challenges. These challenges include increased slippage, price volatility, and limited trading opportunities, which can discourage new investors from entering the market and hinder overall market stability.
Let’s take a closer look at each of these challenges and their implications for the crypto trading landscape.
Increased slippage is a common challenge in low-liquidity crypto trading environments. As fewer buyers and sellers are available on the market, large orders can have a significant impact on the asset’s price, resulting in unfavorable execution prices for traders.
This can be particularly detrimental for investors with large positions, as it can erode their potential returns and increase their exposure to market risk.
Low liquidity can also lead to price volatility, as sudden price swings can occur due to low trading volume. Price volatility can be both a blessing and a curse for traders, as it offers potential profit opportunities but also introduces the risk of unpredictable price shifts.
In a low-liquidity market, price volatility can be exacerbated, making it more challenging for traders and investors to navigate the market and execute their transactions with confidence.
Finally, limited trading opportunities can arise from low liquidity in the crypto market. With fewer buyers and sellers available, it can be difficult for traders to find suitable trading opportunities that align with their strategies and risk tolerance.
This can discourage new investors from entering the market and potentially hinder overall market growth and stability.
Crypto trading liquidity shares both similarities and differences with traditional finance, such as stock and forex markets. While both markets rely on liquidity for smooth transactions, price discovery, and market stability, the decentralized nature of crypto markets, the role of liquidity providers, and the impact of regulatory environments set them apart.
Let’s explore these similarities and differences in more detail.
One of the key similarities between crypto trading liquidity and traditional finance is the importance of liquidity for efficient transactions, price determination, and market stability. Both markets, including fiat currencies, operate on the principle of supply and demand, with buyers and sellers interacting to establish the fair market value of assets.
Additionally, both markets experience risks and volatility associated with trading, as well as comparable transaction experiences and user interfaces.
The main difference between crypto trading liquidity and traditional finance lies in the decentralized nature of crypto markets. Unlike traditional finance, crypto markets operate without a central authority or intermediary, relying on a network of interconnected computers to facilitate trading and secure transactions.
Additionally, the role of liquidity providers in crypto trading differs from their role in traditional finance, with liquidity providers in the crypto space including centralized exchanges, decentralized exchanges, and automated market makers.
Lastly, the regulatory environment surrounding crypto trading can have a significant impact on liquidity, with regulations in various countries affecting the availability of assets for trading, as well as the cost and speed of trade execution.
In conclusion, liquidity is a vital aspect of the crypto trading ecosystem, with high liquidity offering numerous benefits such as reduced slippage, better price discovery, and increased market efficiency. Understanding the factors affecting cryptocurrency liquidity, as well as the role of liquidity providers and the similarities and differences between crypto trading liquidity and traditional finance, is crucial for traders and investors looking to navigate the ever-evolving world of digital assets. With this knowledge in hand, you’re now better equipped to make well-informed decisions and capitalize on the exciting opportunities that crypto trading has to offer.
High liquidity in crypto is generally seen as a good sign as it indicates a deep and stable market with low price changes. It also makes it easier to buy and sell digital assets at reasonable prices without having to worry about liquidity issues.
Liquidity in cryptocurrency markets is achieved through the use of order books and market participation. Liquidity pools act as a reserve for digital assets, providing liquidity to speed up transactions for decentralized exchanges (DEX).
Liquidity also refers to the ease with which tokens can be swapped or converted into fiat currencies.
Cryptocurrency liquidity is heavily influenced by trading volume, the presence of market makers and applicable regulations.
Market makers are entities that provide liquidity to the market by placing buy and sell orders. They are usually large financial institutions or professional traders. Regulations can also affect liquidity, as certain jurisdictions may also affect liquidity.
Crypto trading liquidity is different from traditional finance in that it is decentralized, involves liquidity providers, and is subject to varying regulatory environments.
These differences can have a significant impact on the trading experience, from the types of assets available to the speed of transactions. For example, decentralized exchanges are often faster and more secure than centralized exchanges, but they may not offer the same features as centralized exchanges.
Kyrrex keeps pushing boundaries to provide its users with an innovative and comprehensive cryptocurrency trading experience. Recently, we delighted our customers by introducing NEAR and ALGO. Today, we're thrilled to announce another significant addition to our platform – Cardano (ADA).
Cardano is not your average cryptocurrency. Launched in 2017 by Ethereum co-founder Charles Hoskinson, Cardano distinguishes itself from the pack with a unique focus on scientific philosophy and a research-driven approach.
Perhaps one of the most interesting aspects of Cardano is its dual-layer architecture. This structure separates the ledger of account values from the reason why values are moved from one account to the other. This distinction leads to greater security, flexibility, and scalability, making Cardano a promising addition to our platform.
With a market capitalization of approximately $10 billion, Cardano holds a significant position in the cryptocurrency landscape. Of the total supply of 45 billion ADA, around 35 billion are currently in circulation.
As a Kyrrex user, you now have the opportunity to deposit, withdraw, and trade ADA coins directly from your Kyrrex account. Moreover, we're launching the ADA-USDT trading pair, allowing you to effortlessly trade between Cardano and Tether, based on market trends and your personal trading strategy.
To interact with this asset, simply go to your personal Dashboard and select the desired function, such as trading, exchanging, depositing, sending, or storing in the Kyrrex wallet. If you haven't done so already, please register and verify your profile.
While we're excited about adding Cardano, it's just one of many recent developments at Kyrrex. We've successfully undergone another ISO certification, further reinforcing our commitment to security and best business practices. Our ambassadors have recently brought home significant victories at the MotoGP/Moto2 Grand Prix in Germany and Italy. Simultaneously, our ambassadors shone at the World Padel Tour, bringing the Kyrrex brand to the forefront of the sports world.
Looking ahead, we're excited about what the future holds for Kyrrex. We'll continue to expand and refine our platform, incorporating the most innovative and exciting cryptocurrencies and features to provide you with an unparalleled trading experience.
Stay tuned for more updates!