TEN CRYPTOCURRENCIES THAT HAVE INCREASED IN VALUE AS A RESULT OF MUSK’S TWITTER ACQUISITION
Elon Musk frequently tweets about several cryptocurrencies, which appears to have influenced their pricing.
Elon Musk is well-known for a variety of things, one of which is tweeting odd and amusing things. However, nobody can deny that his tweets have a significant social impact. Elon Musk frequently tweets about several cryptocurrencies, which appears to have influenced their pricing. Although the world’s richest man has long been a supporter of Bitcoin, his new revelations regarding climate change and Bitcoin’s role in the developing situation have caused him to reconsider his position. On the other hand, Dogecoin is a ball that Elon Musk keeps rolling around the court. This article is about the top ten cryptocurrencies that have risen in value as a result of Musk’s Twitter acquisition.
Bitcoin is the king of cryptocurrencies. Many speculators regard Bitcoin as “digital gold,” but it might also be used as a digital form of money. Before Tesla began taking bitcoin, Elon Musk all knew that Musk wanted to make sure that the cryptocurrency was mined with more renewable energy.
Developers can utilize the Ethereum blockchain to create what are known as decentralized applications (aka DApps). Developers must purchase Ethereum’s associated token, ether, in order to gain access to the network (ETH). Similarly, users must pay in ether to interact with a decentralized program.
Dogecoin was founded in 2013. It’s peer-to-peer digital money that was recently endorsed by Shiba Inus all over the world, solidifying the coin’s position in the market. Elon Musk’s views on Dogecoin have also helped to popularize the money. It is undoubtedly one of the top cryptocurrencies that will skyrocket following Elon Musk’s takeover of Twitter.
Shiba Inu is a Japanese dog breed
Shiba Inu is one of the most appealing cryptocurrencies for the year 2022. After increasing by about 50000000 percent in 2021 alone, SHIB will go down in history as one of the fastest-growing cryptocurrencies. Shiba Inu’s developers have added a new burning mechanism to their ShibaSwap market, allowing token holders to burn their tokens while still receiving passive revenue.
Babydoge is a meme coin that has performed exceptionally well in the year 2021. The currency, which was launched in the middle of last year, has had a strong performance, with the price of the meme coin increasing by enormous percentages. The Babydoge was introduced to the market at a time when SHIB and other meme coins were thriving, and it was quickly swept up in the euphoria.
Safemoon is a cryptocurrency that debuted in 2021 and has had rapid growth since then. The V2 protocol upgrade is the most current and exciting development. The V2’s complete rollout is likely to boost the coin’s recovery. Safemoon CEO John Karony has launched Operation Phoenix, which will give this project fresh life.
BRISE will skyrocket following Elon Musk’s acquisition of Twitter. It was released in late July 2021, making it one of the newest crypto ventures on the market today. The team has accomplished a great lot in the last five months in terms of developing this DeFi project. In fact, in 2021, it was the fastest-growing cryptocurrency initiative. Because of Bitgert’s enormous potential, investing in it may be the smartest move.
Solana is a blockchain network that allows developers to create and run decentralized applications. It aims to improve current systems’ limited scalability by employing a ‘Proof of Stake’ consensus method that is less energy-intensive and capable of quicker transaction speeds. It is right down Elon Musk’s lane.
Binance Coin (BNB)
Binance Coin is used for trading and paying fees on Binance, one of the world’s largest cryptocurrency exchanges. Binance Coin has grown beyond simply conducting deals on Binance’s exchange platform since its introduction in 2017. It can also be exchanged or traded for other cryptocurrencies like Ethereum or Bitcoin.
DOT is a unique blockchain interoperability protocol designed to connect several chains together. It was founded in 2016. It also allows parachains, or parallel blockchains, to exchange data and perform transactions without jeopardizing their security. Elon Musk can use the Polkadot security to develop his own blockchains.