Twitter Blue enables entry into the promising NFT market, which is expected to grow from USD 50.1 billion to USD 130.35 billion by the end of the decade, according to Emergen Research. Twitter is relying on a classic subscription model that allows users to select their own NFTs as profile pictures in return for monthly payments. For this purpose, Twitter connects to its own wallet from Coinbase etc., where the NFTs are located and can thus also draw the attention of other users directly to its own portfolio. Users thus more or less get the chance to draw attention to their own assets and promote them. In doing so, Twitter can directly point out the ownership thanks to blockchain technology. In the future, it is conceivable that Twitter will also launch its own wallet in order to earn money from transactions by linking them to NFT trading places. Other premium features on Twitter Blue currently include faster loading times or certain ad-free reading experiences. The services have now been launched for the first time in the USA, Canada, Australia and New Zealand. Professional users also get new ways to earn money with "Super Follows." This allows followers to be shown exclusive content such as bonus tweets in return for monthly subscriptions. Twitter is an exciting turnaround story that could regain momentum thanks to new monetization opportunities such as subscription models, NFTs and also social commerce. The new strategy could accelerate Twitter's growth.
Since 17.02.2022 the stock is consolidating within an area ranging from $39.04 - $37.18.
WHAT DO I EXPECT NEXT?
I can imagine that the Twitter stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $39.04 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $37.18 the trading scenario is invalid.
What are your thoughts? Leave a comment down below 👇
🚫 No investment advice, I am just displaying my personal opinion which might be wrong!
