• Twitter proprietor Elon Musk has introduced that Twitter can be rebranded as X.
• Since this announcement, cash similar to X Token have seen an astonishing rise.
• Musk’s favourite cryptocurrency, DOGE, is at present buying and selling at $0.07141.

Ever since Elon Musk introduced the rebranding of Twitter to X, the crypto world has witnessed the worth of equally named tokens skyrocket. Certainly one of his tokens that has been within the highlight for the previous couple of hours is the X Token.

Whereas the coin has nothing to do with Twitter or its rebranding efforts, the X token value has skyrocketed, recording an 1800% enhance. Apparently, a number of different tokens with an identical ‘X’ of their identify have additionally seen their worth rise quickly.

It was yesterday that Mr. Musk tweeted Twitter’s rebranding technique, saying that he was “quickly saying goodbye to the Twitter model and step by step saying goodbye to all of the birds.” Nevertheless, the information was not effectively acquired, with some customers claiming that an overhaul of the well-known and beloved model was a foul concept.

Among the many celebrities who opposed Musk’s new concept was American actor Mark Hamill, who joked that Twitter would change his identify to useless fowl eyes. Fashionable Twitter comic Stated echoed, “What I can say about Elon Musk is that something he will get concerned with finally ends up together with his ex-girlfriend.”

The cryptocurrency trade was additionally fast to joke about this new change. “So are we in X now?” requested Binance, to which analyst Ran Neuner replied, “However what when you xx your ex?” Regardless of the jokes, the cryptocurrency Twitter appears to help the rebranding general and expects new developments relating to cryptocurrency funds on the positioning.

As for Musk’s favourite cryptocurrency, Coinmarketcap confirmed DOGE’s value rose about 0.45% over the previous week, regardless of falling 0.24% over the previous day. Consequently, Memecoin was buying and selling at $0.07141 on the time of writing. With this value enhance, DOGE additionally gained 0.30% in opposition to Bitcoin (BTC).