Elon Musk, the CEO of Tesla, has been making headlines everywhere in the tech world lately. The main reason is that the world's richest man has recently bought the micro-blogging site Twitter for 44 billion. And when the news of the purchase of Twitter came out, there was a huge explosion in the world of cryptocurrency. What is that? Let's find out in detail.
Elon Musk is a well-known name in the world of cryptocurrency. The world's richest man has already achieved remarkable and unprecedented success in the crypto market by promoting various types of flashy cryptocurrency markets. However, with the recent news of the purchase of Twitter, many people have launched many cryptocurrencies in the market under the name of Tesla captain. Since people have been fascinated by cryptocurrencies lately, they have bought them at a huge rate as soon as they hit the market. As a result, the price of cryptocurrencies has skyrocketed to an all-time high. In this report, we are going to tell you about some of these cryptocurrencies.
According to CoinMarketCap, the first crypto in this list is the Elon Buys Twitter or EBT token. The price of the EBT token has risen by 10,500 percent in the last 24 hours since the news of Tesla's captain's purchase of Twitter came out, which is unbelievable! At present this digital currency is being traded in the market at the rate of 4062 percent. On the other hand, the price of Doge Elon Mars cryptocurrency has also risen by 20 percent and is now trading at 12.84 percent.
And last but not least, the price of Elon GOAT, Mime Quine Floki Musk, and Elonhype has skyrocketed. In addition, Elon Musk's favorite currency, Dogecoin, has reportedly risen 30 percent. And given the sudden rise in prices of these cryptocurrencies, many would be excited to buy them. In that case, I would like to remind you that you should always seek expert advice before investing in such digital currency. Only invest in digital currency if you know everything there is to know about cryptocurrency.
Note that this is not the first time this has happened in the crypto world. Earlier, in October-November last year, Netflix launched a cryptocurrency called Squid Game Crypto under the blockbuster web series Squid Game. The digital currency became so popular at the time that in just one week, it rose more than 30,000 percent to 2,856.65. But unfortunately within just seven seconds of reaching this height, the price dropped by 99.99%, causing the value of the cryptocurrency to drop to just ০০ 0.0008! Naturally, billions of investors have suffered serious losses as a result. It is clear that everything has its ups and downs. Now the decision as to whether or not to invest your hard-earned money in this type of digital currency is entirely yours.
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