The trading price of the Elon Buys Twitter cryptocurrency skyrocketed more than 10,500 percent yesterday, Tuesday, April 26. This event happened after technology billionaire Elon Musk acquired Twitter to the tune of a whopping US$44 billion.
We find it interesting to discover this report about the Elon Buys Twitter cryptocurrency. We think our readers will also take an interest in reading this news, considering that Mr. Elon Musk’s latest Twitter takeover is a headline in global newspapers at the moment.
According to the update posted online by India-based business and finance news outlet Business Today, the Elon Buys Twitter cryptocurrency is a token that rallied more than 10,500 percent in the past 24 hours.
This virtual asset traded on decentralized exchanges had its trading price soaring after the report of Elon Musk purchasing a controlling share of Twitter hit the stands. The Elon Buys Twitter cryptocurrency reached US$0.000009443, per the cryptocurrency trading price information posted on Coinmarketcap.com.
This cryptocurrency token was up 10,524 percent and reached its peak in the last 24 hours. The Elon Buys Twitter cryptocurrency, with the short form $EBT, trades at exactly US$0.000001781 at the time of writing, based on Coinmarketcap.com.
The creators of this meme coin released it last Thursday, April 21. Decentralized exchanges such as OpenOcean and PancakeSwap let users trade the Elon Buys Twitter cryptocurrency.
According to the token’s creators, their virtual asset aims to provide meme coin creators with a chance to earn. They also mentioned that the Elon Buys Twitter cryptocurrency allows meme coin makers to gain a stipulated revenue for their job.
The cryptocurrency token positions itself as a method of giving meme token creators financial independence. Its developers said they intend to assist aspiring meme coin creators in showcasing their talents to the world and adding some monetary benefits to their pockets.
We found it surprising to learn that the Elon Buys Twitter cryptocurrency is the one whose trading value soared massively during Mr. Elon Musk’s Twitter acquisition this week and not his favorite Dogecoin.
We are well aware that this virtual asset, or $DOGE, which trades at exactly US$0.1397 at the time of writing per Coinmarketcap.com trading price data, is the Tesla chief executive officer’s preferred crypto-asset.
We think our readers will feel enthusiastic, especially as a fan of Mr. Musk, that they would be interested in investing in the Elon Buys Twitter cryptocurrency. However, we want to caution them in their plan.
After all, the Elon Buys Twitter cryptocurrency is new. We want to stress that investing in fledgling meme coins like this virtual asset on decentralized exchanges can be quite risky, and investors can find themselves losing much of their investment money eventually.