Elon Musk firmly said that the social media platform X, (previously often called Twitter), has no plans to launch any crypto tokens, as he responded to a put up relating to questionable X and Twitter-based digital currencies on Saturday, August 5.
In response to a put up made by DogeDesigner, Elon Musk addressed the problem of rip-off tokens like $X and $TWITTER falsely claiming connections to the social media platform. DogeDesigner had cautioned the crypto neighborhood about being cautious with sure articles associated to rip-off tokens and clarified that neither Elon Musk nor X had ever initiated a crypto token. In his reply, Elon Musk asserted, “And we by no means will.”
Beforehand, Elon Musk had dropped hints about the potential of incorporating cryptocurrency as a fee choice on his platform. Merchants had been left questioning whether or not he would introduce a selected crypto token or stick together with his favourite, Dogecoin (DOGE).
And we by no means will
— Elon Musk (@elonmusk) August 5, 2023
Nevertheless, with the appointment of Linda Yaccarino as the brand new CEO, some doubts arose relating to the chance of Dogecoin integration. Nonetheless, the latest remark from Musk has revived optimistic sentiments amongst Dogecoin traders.
Elon Musk not too long ago introduced his bold imaginative and prescient of reworking Twitter into an all-encompassing platform often called X – An The whole lot App. Taking rapid motion in direction of this aim, he formally modified Twitter’s identify to X in July.
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Following Elon Musk’s affirmation that he has no intentions of launching a crypto token, the value of Dogecoin skilled a major enhance of over 2% inside a matter of hours.
In line with Coinmarketcap, over the previous 24 hours, the value of DOGE has seen a 3% rise and it’s presently buying and selling at $0.075. The cryptocurrency’s lowest and highest values throughout this era had been recorded at $0.0727 and $0.0747, respectively. Nonetheless, the buying and selling quantity has skilled a slight lower of 10% within the final 24 hours.
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