A study conducted by the Network Contagion Research Institute (NCRI) has shed light on the pervasive role of Twitter bots in artificially inflating the prices of various altcoins.

The research, which examined over 3 million tweets related to 18 different cryptocurrencies from January 2019 to January 2023, has uncovered startling revelations about the influence of bot activity on the market.

Clear signs of price manipulation were evident in coins like The Sandbox (SAND), Gods Unchained (GODS), and LooksRare (LOOKS) due to inauthentic tweet volumes, as indicated by the study. Twitter bot activity played a substantial role in amplifying the value of these altcoins.

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