People have a lot to say about cryptocurrency. Cryptocurrency quotes get more attention and are more widely shared when they are said by someone famous. If a person you trust recommends says something good, bad or crazy about tokens or coins you consider buying, you'll likely pay attention to what they have to say.

Social proof plays significant importance for users in the modern digitalised world. Dogecoin's boom in 2021 is a great social proof example. Many investors who followed Elon Musk's buy signals paid attention to his words without looking into whether his words were serious.