X is not only a rebranding : it reflects Elon Musk’s desire to develop a concept similar to the “everything app” Chinese people. There will be many opportunities to seize in the new Twitter, but no native cryptocurrency in sight. The billionaire boss himself said so recently.
X will not develop crypto
With X, Elon Musk thinks of erecting an all-in-one platform which will look like Chinese WeChat. Except that this time, he wants to hit even harder, especially by sucking ” half of the global financial system “. You’ll have to be crazy to set such goals. But many believe that Musk is no ordinary individual.
” Elon Musk says X will ‘never’ launch a cryptocurrency token. »
This statement by Musk therefore puts an end to rumors about a possible creation of a X-specific cryptocurrency. The boss of Twitter (former name of the platform) simply rejected the idea of an “X corner”.
” And we never will »
So here is his response to a tweet from DogeDesigner warning the crypto community about X-related scams.
” Elon Musk and X have never launched a crypto token. Beware of such articles! »
X has nothing to do with X
The advent of Elon Musk’s X has also propelled some Eponymous Tokens in the Crypto Spotlight.
Such is the case of X whose details remain accessible on CoinMarketCap.
Excerpt from the presentation:
“ X is an exciting, community-based cryptocurrency project inspired by a simple tweet from visionary entrepreneur Elon Musk, in which he mentioned the enigmatic letter ‘X’. Building on this enigmatic appeal, the project aims to become the next big success story in the crypto world, following in the footsteps of cryptocurrencies such as Dogecoin and Floki. »
In other words, the token X we have here qualifies in category memecoins. At the time of writing, it was trading at $0.000020 a coin.
No crypto (yet) but a trading app
Two days ago, News Bitcoin relayed a Semafor report stating that Twitter aims to become a financial data giant. To do this, Elon Musk’s company will set up a trading platform within its application.
The d4 spreadreal time information will therefore be part of the new features of Musk’s “super-app”. Moreover, it already has in its current form ” hundreds of millions of highly qualified users that may be of interest to partners of the new Twitter.
Note also the integration by Twitter of a functionality for easy access to stock charts by simply searching for “cashtag”. In just two months, “cashtag” clicks have increased by 51%.
Surely, Elon Musk will be able to make a lot of money through such initiatives.
Note, however, that many expect this American billionaire toofficial announcement of Dogecoin integration in its new ecosystem. Will the memecoin be present in the new Twitter trading application?
In any case, DOGE saw a 3% jump on Musk’s announcement that there will never be an X token. As of press time, it was showing a price of $0.075. the room.
The radical transformation of Twitter, or the Twitter 2.0 revolution, seems to be on the right track. Little by little, Elon Musk and his team present the progress of X. Stay tuned!
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