While it was once a niche concept, cryptocurrency trading has stepped into the mainstream—a change that can be largely attributed to social influence.
Social media has long been a hub for driving trends, affecting industries far and wide. And thanks to people sharing exciting rumors of high returns and overnight millionaires on these platforms, it's no wonder that more and more people are becoming eager to get involved in crypto. However, it's a market that can be daunting for the uninitiated—complex terminologies and volatile markets can quickly overwhelm newcomers, leaving them unsure of where to start.
Ox Bid, a seasoned crypto investor, recognized these challenges and set out to make crypto trading more accessible. To this end, she developed Bolide, a simple yet powerful app with a beginner-friendly interface and easy trading functionalities. But what truly sets the app apart is the integration of social elements. Ox understands the critical role of social influence in the rise of cryptocurrency, which is why she made Bolide a space where users can follow experienced investors, connect with like-minded groups, and gain valuable insights—empowering users to find a community and improve their trading skills.
The Impact of Social Influence on Cryptocurrency
Social influence has become a significant force behind how the crypto market moves and how people make investment decisions. In fact, influencers are the second most popular reason why people get involved in crypto trading. And shockingly, with their large followings and popularity, they can steer the trading choices of millions with just a few keystrokes.
For example, Elon Musk is often credited for the volatile rises and falls of the cryptocurrency Dogecoin, significantly impacting its market value through social media posts and off-handed remarks. While his actions are polarizing and controversial, it's a perfect example of how one person can upend the value of a currency with a simple tweet.
However, the role of social media in crypto trading extends beyond high-profile influencers. It has also become a place for crypto enthusiasts to share insights, discuss trends, and collaborate on trading strategies. This collective knowledge has the potential to uncover hidden opportunities and greatly help those who want to get into this growing community and learn from them.
A Visionary for Social-Centric Crypto
After being an early adopter of cryptocurrency in the early 2010s, Ox Bid became increasingly curious about blockchain technology and the decentralized market. As she learned more about how crypto works (and why), she realized just how high the barrier to entry was and how obtuse digital currencies can really be. She also discovered social influence's potential to impact the market dramatically.
In doing so, Ox identified an opportunity to make a difference. She recognized that to make crypto trading accessible, it needed more than just simplified interfaces; it also needed a social-centric approach.
That's why she created Bolide, a user-friendly crypto trading platform that focuses primarily on meme coins like Degen and Higher. The purpose of Bolide is to provide a space where crypto trading is accessible, simple, and welcoming to people of all backgrounds and experience levels.
Ox's vision extends beyond basic functionality. She knows that social media is a powerful tool for education and community-building. She's also well aware that the new generation of investors is heavily influenced by social media, relying on recommendations from friends and online personalities for advice on everything from food and travel to finance and investments.
With this in mind, social influence is built into every facet of the Bolide app, allowing users to follow top traders and learn from a broader community. The app also provides information about crypto market activity, including price changes, new listings, and major trades.
Ox wants Bolide to be a place where users feel supported and where they can ask questions and share experiences with one another within the in-app community. Thanks to this social-centric approach, crypto trading can shift from a solitary and often confusing practice into a collaborative and interactive experience.
The Future of Crypto Trading: A New Social Paradigm
The future of cryptocurrency trading is undeniably tied to social influence. And as the crypto market expands, it's no longer confined to tech-savvy individuals—anyone interested in digital currencies can tap into a vast network of peers, experts, and influencers.
Thanks to platforms like Bolide, crypto isn't just about charts and numbers anymore. It's about forging connections, gaining valuable insights, and sharing losses and wins together.
