Elon Musk, the world's richest man, recently bought the micro-blogging site Twitter. He bought the site for 44 billion US dollars. The news of Elon Musk's purchase of Twitter has caused an explosion in the world of cryptocurrency.
As soon as the news of Twitter's purchase came to light,
many people launched a number of cryptocurrencies in the market under the name
of Tesla captain. Since people have been fascinated by cryptocurrencies lately,
they have bought them at a massive rate as soon as they hit the market. As a
result, the prices of cryptocurrencies have skyrocketed to an all-time high.
Elon Musk is a well known name in the world of
cryptocurrency. The richest man in the world has already achieved unprecedented
success in the crypto market by promoting various types of flashy
cryptocurrency markets. According to Coin MarketCap, the first cryptocurrency
on this list is the Elon Buys Twitter or EBT token.
The price of the EBT token has risen by 10,500 per cent in
the last 24 hours since the news of Tesla's captain's purchase of Twitter
surfaced. Which is incredible! 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 increased by 20 percent. At present, it is
trading at 12.84 percent.
This is not the end of the story, as well as the price of
Elon Musk's other cryptocurrencies. However, 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 ৮ 2,756.75. Unfortunately, within seven seconds
of reaching this height, the price dropped by 99.99%, causing the
cryptocurrency to fall to just ০
0.0008! Naturally, billions of investors have suffered serious losses as a
result.
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