Sense

small thinking about topic of today

social media is playing a crucial role in the cryptocurrency world

1. How Social Media Affects Crypto
Social media platforms (i.e X, Youtube, Tele and may be Farcaster too 🥰) significantly impact crypto prices and trends. Tweets/ Cast from influential figures can cause price swings

2. Role of Social Media in Crypto
Social media serves as an education hub, spreading knowledge about crypto technology and trends. Also, social media can create a huge community for any new projects if they are doing well enough.

3. Helping or Hindering Project Development
Helps: Social media builds strong communities, helps raise funds, and facilitates networking. It also provides real-time feedback for improvement. 
Hinders: It can fuel hype, misinformation, and scams, creating volatility. Toxic communities and rumors can also damage a project's reputation.

I completely agree with the impact of social media on the cryptocurrency world. It's important to be cautious of the information we consume and verify sources to avoid falling for hype or scams. Building a strong and informed community is key for the sustainable development of projects in this space.