Elon Musk Triggers Surprise 5000% Bitcoin Rival Crypto Price Surge
TeslaTSLA billionaire and Twitter owner Elon Musk has a long history of driving up the prices of various cryptocurrencies – not least his “favorite” bitcoin rival dogecoin which has been overshadowed recently.
Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigating the roller coaster of bitcoin and crypto market
Bitcoin’s price has been left in the dust by a handful of so-called memecoins in recent weeks as traders pile into viral cryptocurrencies designed to climb with the attention they receive.
Now, a new cryptocurrency linked to the milady non-fungible token (NFT) collection has seen a 5,000% price rocket after Musk posted a meme on Twitter featuring one of the NFT avatars.
It is at the beginning of a bull run that you need updated information the most! Sign up for free now CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market
“It’s not a meme, I love you,” captioned the anime-style picture of Musk posted to Twitter read, with the price of the newly created milady meme coin climbing sharply in the past 24 hours.
The Milady maker NFT collection was pushed to the top of NFT marketplace OpenSea’s trending section with the “floor” price – the lowest price for any NFT in a collection – rising to nearly $14,000 before falling back.
Register now for CryptoCodex—A free, daily newsletter for the crypto-curious
Various viral memecoins, including Pepe the frog-based pepe and dogecoin-inspired floki, have seen huge rallies in recent weeks, aided by a shock Binance announcement.
Follow me on Twitter.
