Many people have come to see Twitter, now X, as a goldmine for trading in DeFi. This is because thousands of Defi traders have made millions from the information that abounds on this awesome social media platform.

The world of DeFi is like a marketplace, where whispers of the latest trends ripple through the crowd, fortunes are made and lost in split seconds, and the collective heartbeat of the market thrums beneath the surface.

In this fast-paced and ever-evolving world of DeFi, where projects spring up like mushrooms after a rain shower, information is king and is thus very powerful. But how do you sift through the hype, the FUD, and the constant flow of data to find the alpha capable of giving you that 10- 1000x you are seeking? This is where Twitter, the ultimate DeFi kingmaker comes in.

Before anything happens, news would have first come to Twitter and savvy DeFi traders who have been able to hack Twitter for trading will get such news first. Before a project moons or dumps, there would be murmurs going about.

By making yourself a part of this collective pulse that runs down the Twitter bloodstream, you will be able to have an edge in your trading game. In this article, you will get to find out a few ways by which you can leverage Twitter for your DeFi trading.

How to Leverage Twitter (X) For Trading in DeFi

1) Stay close to specific accounts and make a list of accounts that suggest ideas for trading; those that share news/ analysis/ alphas earlier than others; KOIs that can influence price action; those who give updates on general events that can affect trades; those who drop alphas on short term, mid-term or long-term projects; and those who have the gift of explaining things in the clearest form possible. Every other account away from the categories stated here should be removed from your list.

2) Get yourself attuned to the flow of information that comes from the categories above. Make sure that anybody making that list is in the top 1%, i.e. not just anyone can be a part of your list. Verify the information being shared for the first 2-3 weeks, and if everything tallies, stick to these new accounts that will help you greatly on your trading journey.

3) Depending on the kind of trades you prefer (short, mid, or long-term trades), make a bias according to the alphas dropped by these accounts you have curated a list on. As much as you want to pay attention to these accounts, you are only to use them as a guide. This means that you have to take everything you see with a pinch of salt and do your research before apeing into any calls.

4) Also, give a follow to accounts that you do not agree with. Sometimes, it is necessary to see things from diverse perspectives before deciding on the amount you want to throw into a trade. Those on the opposing end might have something to say that would be beneficial for you as well.

5) Think about how much you are willing to fund for each trade, and allocate said amount to such trades. Greed is one thing that has put a lot of people in trouble over time; you might see a token pumping non-stop and after a while, you see influencers shilling that token over and over, you might be biased to go add more to your bag instead of sticking to the already allocated amount you have laid down. Sticking to your initial decision helps to build discipline, as in some cases, that token mightn’t do as well as you expect.

6) Give a follow to DeFi projects that you are interested in as this will help you stay informed about the project’s updates, partnerships, and any other important announcements.

7) Join Twitter Spaces and learn from them. There are so many space sessions that concentrate on topics revolving around DeFi, alphas, etc. Joining such spaces will give you an avenue to learn from people, and still get to know which tokens you should research next.

Final Words

As much as Twitter (X) has benefits, it can also be a double-edged sword. There are so many accounts out there whose main aim is to misinform and manipulate those who would be gullible to fall for them.

This is why you must always do your research and cross-check all information. Don’t just jump into a trade because somebody somewhere said so.

Now, that you are armed with the general ways by which you can leverage Twitter for trading, it’s time to go into the Twitterverse and play around with it till you find something that works just for you.