Elon Musk effect: one more cryptocurrency rose with his tweet

Related Articles

The crypto money market continues to be shaped by the influence of Elon Musk’s posts on Twitter.

A post by Musk, who is the second richest person on our planet, on Twitter caused the value of crypto money called ‘MarsCoin’ to rise in no time.

In response to Changpeng Zhao, the CEO of Binance, the crypto currency exchange, to issue his own crypto currency, Musk said: “It will definitely be a MarsCoin.”

This response from Musk soon led to the emergence of a cryptocurrency, already called MarsCoin.

Musk’s “Use Signal” tweet, which he posted to criticize WhatsApp, also caused Signal to increase the wrong percentage.


MarsCoin reached a value of $ 2.5 shortly after this action. Before Musk’s involvement, the value of the crypto money in question was in the $ 0.7 band. After a small increase, MarCoin has returned to the $ 0.5 band.

Musk had previously posted the words “Dogecoin” or “Dogecoin CEO” on his profile and it attracted attention.

After Musk made this post, the value of Dogecoin rose considerably. In recent weeks, Tesla, the American manufacturer of electric cars owned by Musk, announced that it invested $ 1.5 billion in Bitcoin.

Leave a Reply

Your email address will not be published. Required fields are marked *