Top 5 Celebrity Crypto Influencers in who failed big time
The bitcoin market has seen growth over the past several years. Exploded, with investors earning enormous returns on their money by purchasing digital art endeavors, NFTs, and assets like Bitcoin and Ethereum. But do these projects supported by famous celebrity crypto influencers genuinely bring in money for crypto investors?
People, and more crucially, celebrities, swarm to the scene when money is to be made. The newest trendy thing is to be a crypto influencer, as seen by a glance at Twitter and Instagram. Everyone advocates digital coins and NFT Projects on social media, from A-list movie actors to YouTubers with millions of fans.
To specifically address that topic, we examined the top crypto influencers advocating these large-scale projects to determine how they failed.
1. On EthereumMax, Kim Kardashian “Not Financially Advising”
Kim Kardashian, a multimillionaire online sensation, posted on Instagram in June 2021 about “what her friends told her” about the cryptocurrency EthereumMax, which is merely utilizing the term Ethereum and is in no way related to the Ethereum Coin. The cryptocurrency’s value soared following the promotion in June but plummeted the following month. There won’t be an episode of Keeping Up With Ethereum Max as a crypto influencer. Any time soon that is certain.
2. Is Gwyneth Paltrow, the leading woman in the world of celebrity crypto influencers?
The Hollywood actress, who played pivotal roles in classic films like Se7en, Iron Man, and The Talented Mr. Ripley, has always shown an interest in business, particularly in recent years with the launch of her wellness and lifestyle brand Goop.
By purchasing a Bored Ape NFT and supporting the World of Women NFT project this year, Gwyneth has also put her toes into the world of NFTs, becoming a leading woman in the world of celebrity crypto influencers. To inspire more women to work in crypto and NFTs, she also made an appearance at Mila Kunis and during the BFF crypto summit with Randi Zuckerberg, Mark Zuckerberg’s sister.
While it’s excellent to encourage more women to work in this field, some of the NFT ventures being promoted are risky and unpredictable; perhaps consumers should think twice before following the advice of Hollywood celebrities when it comes to investing.
3. The co-Founder of DJ Khaled’s popular cryptocurrency project is imprisoned.
DJ Khaled has never been shy about using social media; his Instagram page features everything from music promotion to inspirational posts.
His promotion of Centra Tech, one of the first cryptocurrency card manufacturers to produce a co-branded VISA card, to his 29 million fans was one remarkable post. Unfortunately, the business did not endure long, costing investors $25 million, and the co-founder was sentenced to 8 years in prison. Khaled should possibly stick to recording hits.
4. Dogecoin, beloved by Elon Musk, Falls Short of the Moon
Elon Musk, the CEO of Tesla and a multibillionaire, has always been quite active in sharing his opinions on Twitter, and his views on cryptocurrencies were no different. One of the critical factors behind Dogecoin’s meteoric rise was Elon. Additionally, his tweets significantly impacted well-known cryptocurrencies like Bitcoin making him a top celebrity crypto influencer.
You can entirely draw attention to anything when you have a following of 97 million people.
However, maintaining Dogecoin’s value was more difficult because the self-described meme coin had a nasty punch line.
5. EthereumMax defeats Floyd Mayweather.
The undefeated 50-0 boxer featured an advertisement for EthereumMax on his boxer trunks during his battle with YouTuber Logan Paul. In a later interview, Floyd Mayweather claimed to have made $30 million from the patches on his trunks. He omitted to say how much of that was EthereumMax, though. The coin’s value soared after the fight in June, but that did not last long as it plunged once more in July; perhaps it is time to modify the boxer’s record to 50-1.
Crypto Influencers Team Up To “Save The Children”
Massive Crypto Influencers on YouTube like Ricegum, Faze Kay, and Faze, who have millions of subscribers, Diego, as well as Instagram Influencers like Sommer Ray, promoted the Save the Kids Token, a Faze Kay & Co. profile that is billed as a charity token that contributes a portion of the profits to children’s charities. Unfortunately, because the project’s price fell immediately, neither investors nor kids benefited from it. If we’ve ever seen a classic pump and dump, this is it.
Also, read – You must follow the top NFT Influencers right now!
What Will Crypto Influencers Do Next?
What we can foresee, though, is that if people do not make an effort to research what customers choose to purchase, we will need to create another updated version of this article in a few years. If you’re considering investing your money in anything, thoroughly examine the markets before deciding. Rather than following the advice of your favorite celebrities crypto influencers, attempt to heed the counsel of business professionals.