Elon Musk is no stranger to posting interesting tweets that inadvertently affect the prices of major crypto assets and stocks. Musk’s latest frivolous tweet also didn’t break tradition by raising the price of a cryptocurrency. Finally, he mentioned “APT”, the symbol used for the web3-focused Aptos coin. Here are the details…
Elon Musk raises APT with his tweet
cryptocoin.com As we have also reported, Elon Musk, who increased the price of various altcoins or stocks with his interesting tweets, drew attention with his tweet today. Elon Musk’s latest tweet talks about “AI” and “APT”. Elon Musk deleted the tweet shortly after it caught the attention of the cryptocurrency community, but a screenshot can be found below:
APT jumped nearly 8 percent to $13.68 right after the tweet. However, after Musk deleted the tweet, the price dropped to $12.77. Still, the coin is up 8% in the last 24 hours. Despite all this, the Aptos token is still around 33 percent below its all-time high price of $19.92 in January of this year. According to CoinGecko, the token has reached almost $460 million in 24-hour trading volume.
Musk’s influence in the crypto money field is high
Musk’s tweet, which has since been deleted, has sparked a “meme festival” and some community confusion. Why Musk added Aptos to artificial intelligence and OTT left many users confused. The Tesla CEO has often discussed the risks that the advancement of artificial intelligence poses to civilization. Last year, the billionaire also compared the success of The Pirate Bay to the success of other OTT services like Netflix and Prime.
Some people rated the Aptos choice as “odd Elon moves”, while others pointed to the possibility of a “conspiracy”. Meanwhile, Twitter continued to acquire new functions to beat the competition. cryptocoin.com As we reported, Musk confirmed in a separate thread on Friday that the microblogging site may soon gain encrypted messaging functionality.
Earlier this month, Dogecoin replaced Twitter’s familiar logo. With this change, the price of DOGE has caught a big break. In about four days, Dogecoin has lost nearly 10 percent on weekly charts after the social media giant’s icon reverted to a blue bird. The “Musk Effect” of being able to move the prices of assets made frequent headlines and even caused the CEO to run into trouble with the SEC. At the time of writing, DOGE is changing hands at $0.09, up 7.68 percent.
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