Top Cryptocurrencies That Soar As A Result Of Musk’s Purchase Of Twitter

Top Cryptocurrencies That Soar As A Result Of Musk’s Purchase Of Twitter

Cryptocurrency
November 11, 2022 by Diana Ambolis
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Elon Musk often tweets about several cryptocurrencies that affect their prices. Monday, Tesla CEO Elon Musk reached an agreement to purchase Twitter for around US$44 billion, pushing the company closer to becoming privately held. Elon Musk is well-known for many things, including tweeting bizarre and hilarious information. However, no one can deny that his tweets
10 Cryptocurrencies That Soar As A Result Of Musk's Purchase Of Twitter

Elon Musk often tweets about several cryptocurrencies that affect their prices. Monday, Tesla CEO Elon Musk reached an agreement to purchase Twitter for around US$44 billion, pushing the company closer to becoming privately held. Elon Musk is well-known for many things, including tweeting bizarre and hilarious information. However, no one can deny that his tweets hugely impact society. Elon Musk often tweets about several cryptocurrencies that affect their prices. Even though the world’s richest man has always liked Bitcoin, he has changed his mind now that he knows more about climate change and Bitcoin’s role in the growing disaster. Dogecoin, on the other hand, is a basketball that Elon Musk continues to roll. After Musk acquired Twitter, the value of the top cryptocurrencies skyrocketed, as shown in this article.

Bitcoin

Bitcoin is unquestionably the king of cryptocurrencies. Before the electric vehicle maker starts accepting bitcoin, it is standard information that Musk wants to ensure that more green energy is used for mining. Many speculators now see Bitcoin as “digital gold,” but it may also be used as digital money.

Ethereum

Developers may develop decentralized applications using the Ethereum network (DApps). To use this network, developers must acquire the Ethereum-linked cryptocurrency (ETH). Similarly, users must pay in ether to participate in a decentralized program.

Dogecoin

B enters the annals of history as one of the cryptocurrencies with the fastest growth, having increased by about 500,000,000% in 2021 alone. The 2013 introduction of Dogecoin makes it one of the oldest digital currencies. It is a peer-to-peer digital currency that has recently gotten a lot of support from Shiba Inus, which has helped it get a more significant market share. Elon Musk’s opinions on Dogecoin have also contributed to the currency’s popularity. After Elon Musk buys Twitter, it is a sure thing that it will be one of the top cryptocurrencies whose value will go up.

Shiba Inu

Shiba Inu will be one of the most coveted cryptocurrencies in 2022. The creators of Shiba Inu have added a new “burning” feature to the ShibaSwap market that lets token holders burn their tokens while still making passive income.

BabyDoge

Babydoge came out when SHIB and other meme currencies were doing well and increasing. Babydoge came out when SHIB and other meme currencies were doing well and growing at a rate that had never been seen before. The Babydoge meme money did very well in 2021. When the currency was introduced in the middle of the year, it was a huge success, and the price of a meme coin went up by massive amounts.

Safemoon

Safemoon is a digital currency created in 2021 that has experienced exponential growth. The upgrade to the V2 protocol is the most significant development in recent times. People think that when the V2 comes out in full, the coin will start to recover. John Karoly, the chief executive officer of Safemoon, has recently launched Operation Phoenix, which will breathe new life into this endeavor.

Bitgert

Bitgert (BRISE) is one of the most well-known cryptocurrencies that will go up in value after Musk buys Twitter. Since its launch in late July 2021, it has been one of the most recent crypto efforts on the market. It was the most rapidly growing cryptocurrency initiative in 2021. The team has done great work on this DeFi project during the last five months. Investing in BitGert may be the best decision owing to the immense potential of this currency.

Also read: What Musk’s Twitter Takeover Means For Web3

Solana

Solana is a blockchain network similar to Ethereum, enabling developers to build and host decentralized apps. Solana intends to improve the poor scalability of current systems by using a proof-of-stake consensus algorithm that is less energy-intensive and capable of offering faster transaction rates.

Binance Coin

Binance Coin is a cryptocurrency used to trade and pay fees on Binance, one of the largest cryptocurrency exchanges. Since its release in 2017, Binance Coin has become more than just a way to buy and sell on the Binance exchange platform. In addition, it may be exchanged for other cryptocurrencies, such as Bitcoin or Ethereum.