This Friday (20), a joke made by Elon Musk seems to confirm that the wave of “creating a currency for everything he says and seeing it appreciate” is far from over. in your profile of twitterMusk makes a pun on his name and his controversial character.
The billionaire shared his own Tweet from March last year in which he said, “If there is any scandal about me, *please* call it Elongate,” and comments:
“Finally, we can use Elongate as a scandal name. It’s kind of perfect.”
Finally, we get to use Elongate as scandal name. It’s kinda perfect. 🤣 https://t.co/qSNH7lsn72
— Elon Musk (@elonmusk) May 20, 2022
Elongate, a coin that seeks “social impact”
While it sounds like a “harmless” pun, the billionaire boasts a track record of valuing, purposefully or not, cryptocurrencies strangers, or memes, just commenting on something on their social networks, and this time was no different.
The cryptocurrency, however, was created on July 23, 2021, and does not appear to be related to Tesla’s CEO.
However, in the CoinMarketCap website chat, many users who started trading in the last few hours relate Musk’s tweet to the project, probably in order to “sell” this idea.
Cryptocurrency “Elongate” recorded a 57% appreciation shortly after the tweet of the richest man in the world. Trading volume has gone up by 23,864.19% in the daily variation.
Cryptocurrency is built on the network Binance Chain (BNB) and the project’s official document says the coin is “a cryptocurrency token on the Binance Smart Chain that fuels a social impact movement.”
“A 10% transaction fee rewards cardholders and donates significant amounts to philanthropic activities. The ELONGATE team is building a social impact ecosystem to revolutionize social impact on blockchain.”
Elongate’s market capitalization is 11,115,921.36 and there are already 475,627,976,172,486 coins in circulation, according to CoinMarketCap.
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
