Meta's Threads, a social media platform created to leverage Elon Musk's Twitter dominance in 2023, marks its first year with aspirations to surpass Twitter, now known as X. Despite reaching 175 million monthly active users, Threads faces uncertainty in becoming a major player like X in the crypto world. Launched in July 2023, Threads initially gained traction but saw a decline in users shortly after. While Threads shows promise, it still lags behind X, which boasts 600 million monthly users. Despite offering benefits like better engagement and less bot activity, Threads struggles to attract the crypto community away from X. With X's user base shrinking slightly, Threads has room to grow but faces challenges in competing with the established platform. Read more AI-generated news on: https://app.chaingpt.org/news