Over One-Third of Encrypted TikTok Videos Misleading: Research by DappGambl

On April 22nd, according to research by DappGambl, over one-third of encrypted TikTok videos are misleading. Among them, 47% of TikTok creators attempt to make money by promoting services, including mainstream creators such as Kim Kardashian, Jake Paul, and SouljaBoy. In addition, TikTok videos with encryption related tags, such as crypto, cryptok, cryptoadvice, cryptocurrency, cryptotrading, and cryptoinvesting, have generated over 6 billion views in total.

Research: More than one-third of encrypted related videos on TikTok are misleading

With the recent surge in popularity of cryptocurrencies, TikTok has become a hub for videos related to cryptocurrencies and their trade. However, according to research by DappGambl on April 22nd, over one-third of encrypted TikTok videos are misleading, with 47% of TikTok creators attempting to make money by promoting services.

The Cryptocurrency Craze

Cryptocurrencies have garnered immense popularity over the past few years. The rise of Bitcoin and other cryptocurrencies have left their mark on the digital world. The fact that anyone with a smartphone can trade cryptocurrencies has amplified their popularity even more. As a result, TikTok has become a hotspot for cryptocurrency-related videos.

The Research by DappGambl

DappGambl has been analysing encrypted TikTok videos using natural language processing algorithms. Their research has revealed that over one-third of these videos are misleading. This is because the creators often do not provide complete or accurate information about cryptocurrency trading or their affiliated services.

Misleading Practices by TikTok Creators

The research indicates that 47% of TikTok creators who make encrypted videos related to cryptocurrencies attempt to make money by promoting services such as trading platforms and investment advice. One of the examples of high-profile TikTok creators promoting such services is of Kim Kardashian, Jake Paul, and SouljaBoy.

Impact of Crypto-Related Tags

Cryptocurrency-related tags on TikTok such as crypto, cryptok, cryptoadvice, cryptocurrency, cryptotrading, and cryptoinvesting, have garnered over 6 billion views in total. These tags have encouraged users to create more content related to crypto, but the misleading practices by creators are making it tough for users to discern what is actual advice and what is not.

Conclusion

As much as cryptocurrencies are fascinating and intriguing, there is no denying that it is a complex subject to understand. Hence, it is crucial that individuals follow trustworthy sources of information and not fall prey to any misleading services or lures of easy money.

FAQs

#1. What kind of services are promoted by TikTok creators in encrypted videos?

TikTok creators who make encrypted videos related to cryptocurrencies often promote trading platforms and investment advice.

#2. Who are some well-known TikTok creators who promote services related to cryptocurrencies?

Kim Kardashian, Jake Paul, and SouljaBoy are some well-known TikTok creators who promote services related to cryptocurrencies.

#3. How much total view count was garnered by cryptocurrency-related tags on TikTok?

Cryptocurrency-related tags on TikTok, such as crypto, cryptok, cryptoadvice, cryptocurrency, cryptotrading, and cryptoinvesting, have generated over 6 billion views in total.