- Twitter owner Elon Musk announced the rebranding of Twitter to X.
- Since the announcement, coins such as the X token, have seen surprising climbs.
- Musk’s favorite crypto DOGE is currently trading at $0.07141.
Since Elon Musk announced the rebranding of Twitter to X, the crypto sphere has witnessed tokens with similar names surging in value. One such token to take the spotlight these past few hours is the X token.
Though this coin has no relation to Twitter or its rebranding efforts, the X token skyrocketed in price, registering an increase of 1800%. Interestingly, several other tokens with similar “X” in their names have seen a rapid climb in value as well.
It was yesterday that Musk announced the rebranding strategies of Twitter with a Tweet stating, “And soon we shall bid adieu to the twitter brand and, gradually, all the birds.” The news, however, was not well received with several users arguing that the overhaul of a well-known and well-loved brand was a bad idea.
Among the prominent names that opposed Musk’s new idea was American actor Mark Hamill who joked that Twitter was changing its name to the dead bird’s eye. Popular Twitter comedian Saeed also chimed in saying, “One thing about elon musk, is everything he’s involved in with always ends up an ex.”
The crypto space was also quick to joke about this new change. “So, we’re on X now?” asked Binance, while analyst Ran Neuner responded with “but what about when you X about your ex?” Despite the jokes, crypto Twitter seems to be generally supportive of the rebranding and hopes to see new developments regarding crypto payments on the site.
Regarding Musk’s favorite crypto, CoinMarketCap indicated that even though DOGE’s price slipped by 0.24% over the past day, it rose by about 0.45% over the past week. As a result, the meme coin was trading hands at $0.07141 at press time. This price ascent allowed DOGE to also strengthen against Bitcoin (BTC) by 0.30%.
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