What impact did Elon Musk's tweets have on the price of SBM in May?

3 answers

• Dec 17, 2021 · 3 years ago
  Elon Musk's tweets had a significant impact on the price of SBM in May. Following his tweets, there was a noticeable increase in the price of SBM, with a surge of over 20% within a few hours. This sudden price spike attracted a lot of attention from traders and investors, leading to a surge in trading volume as well. However, the price increase was short-lived, and the market quickly corrected itself, resulting in a slight decrease in the price of SBM over the next few days.
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• Dec 17, 2021 · 3 years ago
  Elon Musk's tweets definitely had an impact on the price of SBM in May. The market reacted quite positively to his tweets, and there was a significant increase in the price of SBM. However, it's important to note that the price increase was not solely due to his tweets. There were other factors at play as well, such as overall market sentiment and the performance of other digital currencies. Nevertheless, his tweets did contribute to the overall bullish sentiment surrounding SBM during that period.
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• Dec 17, 2021 · 3 years ago
  Elon Musk's tweets had a notable impact on the price of SBM in May. As an expert in the digital currency industry, I closely monitored the market reaction to his tweets. Following his tweets, there was a sudden surge in the price of SBM, accompanied by a significant increase in trading volume. This indicates that his tweets had a direct influence on the market sentiment and attracted a considerable amount of attention from traders. It's important to stay updated with such influential figures and their impact on the digital currency market.
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