{"id":16054,"date":"2023-07-27T05:13:28","date_gmt":"2023-07-27T10:13:28","guid":{"rendered":"https:\/\/ustower.net\/?p=16054"},"modified":"2023-07-27T06:58:19","modified_gmt":"2023-07-27T11:58:19","slug":"elon-musk-has-quietly-primed-crypto-for-an-absolute-game-changer-that-could-cause-chaos-for-the-price-of-bitcoin-ethereum-xrp-and-dogecoin","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=16054","title":{"rendered":"Elon Musk Has Quietly Primed Crypto For An \u2018Absolute Game-Changer\u2019 That Could Cause Chaos For The Price Of Bitcoin, Ethereum, XRP And Dogecoin"},"content":{"rendered":"\n

BitcoinBTC<\/a> 0.0%<\/a> and ethereum, the two largest cryptocurrencies by market capitalization, have been thrust back into the limelight by first Ripple’s XRPXRP<\/a> 0.0%<\/a> and now dogecoin following a shock Wall Street crypto flip<\/a>.<\/p>\n\n\n\n

Subscribe<\/em><\/strong><\/em><\/strong>\u2002<\/em>now to\u2002<\/em><\/strong><\/em><\/strong>Forbes’ CryptoAsset & Blockchain Advisor\u2002<\/em>and successfully navigate the bitcoin and crypto market rollercoaster<\/em><\/strong><\/em><\/strong><\/a><\/p>\n\n\n\n

The bitcoin price has slipped back, along with the ethereum price, as traders piled into XRP in the aftermath of its partial legal victory over the U.S. Securities and Exchange Commission (SEC). Meanwhile, Tesla billionaire Elon Musk’s rebranding of Twitter to X, part of a plan to make it into an all-singing, all-dancing super app, has rekindled hopes he’ll somehow incorporate dogecoin, once again pumping the dogecoin price.<\/p>\n\n\n\n

Now, Musk has quietly added the dogecoin \u00d0 symbol to his X account amid a flurry of interactions with dogecoin fan accounts\u2014with bitcoin and crypto market watchers predicting Musk’s plans for X could be an “absolute game-changer.”<\/p>\n\n\n\n

It’s at the start of a bull run you need up-to-date information the most! <\/strong>Sign up now for the free\u2002<\/strong>CryptoCodex<\/em><\/strong><\/em><\/strong><\/a>\u2014A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market<\/strong><\/strong><\/p>\n\n\n\n

“If we consider Musk\u2019s vision for creating an everything app, it would be an absolute game-changer to incorporate cryptocurrency payments as part of that ecosystem,\u201d Raluca Cherciu, the co-founder and CEO of Unpaired, an online community exploring how emerging technologies can foster real-world connection, told<\/a> Coindesk<\/em>.<\/strong><\/p>\n\n\n\n

“This not only resonates with the hugely active crypto community on Twitter, but also echoes Musk\u2019s well-known fascination with the cryptosphere.”<\/p>\n\n\n\n

Musk’s rebranding of Twitter to X, ostensibly part of a plan to turn the app into a one-stop shop powerhouse, has puzzled both users of the platform and business analysts who have questioned the wisdom of ditching such a globally recognized brand for a generic one-letter name.<\/p>\n\n\n\n

Musk first bought X.com, which now redirects to Twitter.com, for his online bank startup in 1999 before merging it with Peter Thiel and Max Levchin’s Confitinity and rebranding to PayPal.<\/p>\n\n\n\n

The Twitter rebranding to X “does have implications for crypto in the short-term as it moves markets, and in the long-term as Musk looks to build out payment networks using his own platform that could soon compete with the likes of ethereum, bitcoin or others,” Simon Peters, market analyst at eToro, said in emailed comments.<\/p>\n\n\n\n

Forbes<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

BitcoinBTC 0.0% and ethereum, the two largest cryptocurrencies by market capitalization, have been thrust back into the limelight by first Ripple’s XRPXRP 0.0% and now dogecoin following a shock Wall Street crypto flip. Subscribe\u2002now to\u2002Forbes’ CryptoAsset & Blockchain Advisor\u2002and successfully navigate the bitcoin and crypto market rollercoaster The bitcoin price has slipped back, along with the ethereum price, as traders […]<\/p>\n","protected":false},"author":7,"featured_media":16055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[10225,10226,3070,2539,10224],"class_list":["post-16054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-crypto-community","tag-cryptocurrency","tag-elon-musk","tag-sec","tag-vibes"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/16054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16054"}],"version-history":[{"count":2,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/16054\/revisions"}],"predecessor-version":[{"id":16070,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/16054\/revisions\/16070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/16055"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}