Elon Musk firmly acknowledged that the social media platform X, (previously often known as Twitter), has no plans to launch any crypto tokens, as he responded to a submit concerning questionable X and Twitter-based digital currencies on Saturday, August 5.
In response to a submit 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 group 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 opportunity of incorporating cryptocurrency as a fee choice on his platform. Merchants have been left questioning whether or not he would introduce a specific crypto token or stick along with his favourite, Dogecoin (DOGE).
And we by no means will
— Elon Musk (@elonmusk) August 5, 2023
Nonetheless, with the appointment of Linda Yaccarino as the brand new CEO, some doubts arose concerning the probability of Dogecoin integration. However, the current remark from Musk has revived optimistic sentiments amongst Dogecoin buyers.
Elon Musk just lately introduced his bold imaginative and prescient of reworking Twitter into an all-encompassing platform often known as X – An Every thing App. Taking fast motion in direction of this purpose, he formally modified Twitter’s title to X in July.
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Following Elon Musk’s affirmation that he has no intentions of launching a crypto token, the worth of Dogecoin skilled a major improve of over 2% inside a matter of hours.
In accordance to Coinmarketcap, over the previous 24 hours, the worth 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 have 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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