|All Time High:
|The price of #ELON today is $0.000000191 USD.
The lowest ELON price for this period was $0, the highest was $0.000000191, and the current live price for one ELON coin is $0.00000019135.
The all-time high ELON coin price was $0.00000262.
Use our custom price calculator to see the hypothetical price of ELON with market cap of BTC and how the supply of ELON affects the price at different market capitalizations.
|The code for Dogelon Mars is #ELON.
Dogelon Mars is 2.8 years old.
|The current market capitalization for Dogelon Mars is $184,217,526.
Dogelon Mars is ranked #246 out of all coins, by market cap (and other factors).
|The trading volume is big today for #ELON.
Today's 24-hour trading volume across all exchanges for Dogelon Mars is $7,849,963.
|The circulating supply of ELON is 962,731,899,665,888 coins, which is 96% of the total coin supply.
Relatively, Dogelon Mars has a large supply of coins, 43,760,541 times larger than Bitcoin's supply, for example.
|Note that there are multiple coins that share the code #ELON, and you can view them on our ELON disambiguation page.
More Dogelon Mars (#ELON) News
|xAI Investment Figures Denied by Elon Musk
Grok, an AI chatbot with access to tweets from all over X and programmed to be as snarky as possible, is the principal product offered by xAI.
The company is Elon Musk’s response to OpenAI – which he also co-founded. However, he later left after disagreements with Sam Altman and others over how to develop and profit from the tech that they were building.
Bid for Investment Registered Late Last Year
In early December, Elon Musk filed an SEC Form D for xAI, a document that allows for the sale of securities without full registration, on the condition that the sale remains private.
The document states that up to $1 billion worth of equity in the firm would be sold, with over $134 million already spoken for.
In spite of the controversial nature of the new AI platform – and the somewhat subsiding buzz surrounding AI development – the founders’ reputation made it quite likely that interest in the sale would be high, even if it were closed off to retail investors.
Bloomberg Quotes Figures, Musk Refutes Them
According to Bloomberg, xAI is already halfway to meeting its funding target. Confidential sources for the media giant have privately stated that $500 million had already been committed to the platform, with final arrangements to be made within the next few weeks. According to Musk, investors in X would also receive a 25% stake in xAI. Sources say the targeted valuation of the company is between $15 and $20 billion.
Corp investors will own 25% of xAI...
|Crypto Trader Capitalizes on Elon Musk's Twitter Bio Change, Profits $1M
A cryptocurrency trader who invested $10,000 in the meme coin Troll has recently realized a profit of over $1.03 million, thanks to capitalizing on Elon Musk's updated bio description on X (formerly Twitter).
On January 9, Musk altered his X profile description to '(CTO) Chief Troll Officer' and posted a message containing a similar phrase without additional explanation.
Traders Profit from Elon Musk's Twitter Profile Change
Taking advantage of Musk's Twitter profile change proved highly profitable for a fortunate trader who turned a losing investment into a remarkable profit in a short period.
According to on-chain data from Lookonchain, the trader noticed Musk's profile change and swiftly withdrew 4.313 ETH ($10,113) from Binance.
In just 10 days, this trader turned $300 into $1.03M!
How did he do it?
After noticing that @elonmusk had changed his Twitter profile to '(CTO) Chief Troll Officer', this trader immediately withdrew 4.313 $ETH($10,113) from #Binance and spent 4.3 $ETH to buy 19.37T $TROLL.… pic.twitter.com/NWO7j4pyq4
— Lookonchain (@lookonchain) January 17, 2024
Using 4.3 ETH, they purchased 19.37 trillion TROLL tokens and sold 9.37 trillion TROLL for 5.318 ETH ($12,467), recovering the initial cost. The trader now holds 10 trillion TROLL, currently valued at $1.03 million.
In a similar story, another crypto trader invested $30,000 in the meme coin Troll and earned a profit of over $2.7 million.
The trader spent $30,000 to acquire 80.77 trillion TRO...
|Here's How Much Ripple (XRP) Was Stolen in the Poloniex Attack
Poloniex Hack: Cryptocurrency exchange Poloniex was hacked on November 10, losing $125 million in various cryptocurrencies from its hot wallets, including 3.1 million XRP tokens.
Widespread Token Impact: Over 175 different tokens were affected, with major losses including $11M in USDT, $10.4M in ETH, and $6M in ELON, indicating a highly sophisticated and extensive attack.
Response and Containment: Owner Justin Sun confirmed the breach and offered a 5% bounty for fund recovery.
Poloniex, one of the leading cryptocurrency exchanges, fell victim to a sophisticated hack on November 10. The attackers successfully targeted the platform’s hot wallets, making off with a staggering $125 million in various cryptocurrencies, a significant blow to the exchange and its users.
The hackers’ brazen heist included the theft of approximately 3.1 million XRP tokens, roughly $2.07 million. XRP Forensics confirmed the news, as it happened at the same time as the incident on other chains, including Ethereum, Tron, and Bitcoin.
A Poloniex hot wallet was emptied for 3.1 million XRP about 30 minutes ago. This happened at the same time as the incident on other chains, including ETH, BTC and Tron. We have flagged the accounts involved and are following the money.https://t.co/r9FsO8euLe
— XRP Forensics (XRPLF) (@xrpforensics) November 10, 2023
This makes XRP one of the tokens with the most significant outflows in the hack —others include GLM ($2.5M), OX ($3.1M), SHIB (...
|Here's What Tokens Were Stolen In The $125 Million Poloniex Hack
Over 175 different tokens with valuations exceeding $10,000 were stolen as part of a massive hack against the U.S.-based crypto exchange Poloniex on Friday, according to on-chain data.
Since earlier today, estimates of the funds stolen in the hack have expanded to $125 million.
What Hackers Took From Poloniex
According to an X post from Nansen, some of the largest Ethereum-based outflows from Poloniex in the past 24 hours have included $11 million in Tether USD (USDT), and $10.4 million in Ether (ETH), and $5 million worth of USD Coin (USDC).
The exchange also lost substantial value in memecoins, including $6 million worth of Dogelon Mars (ELON) and $4.7 million in Shiba Inu (SHIB). Other losses included $3.1 million in Open Exchange Token (OX) and $2.5 million in Golem (GLM).
Yet that’s just the half of it: according to blockchain security firm PeckShield, while Poloniex lost $56 million on the Ethereum blockchain, another $48 million was lost on Tron, with 501 Bitcoin (BTC) worth $18 million lost on the Bitcoin network.
Though $7.5 million worth of Tron’s losses were in dollar-pegged stablecoins, most losses included another 380 BTC, plus another 68.2 Wrapped Bitcoin (WBTC).
Justin Sun – the founder of Tron – acquired Poloniex in 2019. On Friday, he confirmed that the exchange’s losses are “within manageable limits” and can be covered using the company’s operating revenue.
“The team has restored Poloniex's systems,...
|$5 Million Reward: Justin Sun's Bold Move Against Poloniex Attackers
Crypto exchange platform Poloniex was attacked by a bad actor, losing over $60 million of its customer's funds. The Justin Sun led the exchange and launched an investigation, which remains ongoing, to determine the identity of the attackers.
Poloniex Makes Offering To Attackers
The crypto analytics platform Nansen data indicates that over $68 million in tokens left Poloniex over the past day. The image below shows that the attacker stole assets in ETH, BADGER, REN, OKB, NEXO, and 170 other tokens.
Nansen also confirmed that the biggest losses were suffered in top assets, Ethereum and USDT, with around $11 million each. Other tokens such as ELON, USDC, SHIB, and GLM saw inferior losses but still in the millions of dollars.
A few hours ago, as mentioned, the exchange launched an investigation and Justin assured its users that the platform keeps a “healthy financial position.” In that sense, Sun, also the founder of blockchain TRON, claimed that users will be reimbursed for their losses.
The platform is currently exploring a partnership with other crypto exchanges to recover the fund. Sun stated:
We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC wallets. We will give you 7 days to consider this offer before we engage law enforcement.
In the crypto community, some users praised these efforts to recover the fund and encouraged the attacker or attackers to take the bounty for “pointing out vulnerab...
|Top 5 Meme Coins That Are Outperforming The Altcoin Rally
The altcoin market rally has been the talk of the crypto community lately and it has been with good reason. Amid this rapid rise of cryptocurrencies across the board, meme coins have been doing well. But just like any asset class, there are some that have performed better than others.
CorgiAI (CORGIAI) Leads Meme Coins Gains
CorgiAI (CORGIAI) is an interesting take on the Dog meme coins. But instead of using the widely popular Shiba Inu breed, the project chose the Corgi breed for their purposes and this seems to be working out well. In the last day, CorgiAI has dominated meme coin gains, rising over 56% in this time.
Its figures on the 7-day chart are even more impressive, as data from CoinGecko shows that the asset rose $86.8 in just seven days. CorgiAI is now the 11th-largest meme coin in the space after its market cap crossed $36.29 million.
Bonk (BONK): The Solana Altcoin Making Waves
The Solana native Bonk (BONK) coin is one of the top meme coins after a massive run earlier in 2023. In the current ‘altcoin season’, it has performed very well, rising 29% in one day. Its 7-day gains are the closest to CorgiAI at 76.7%.
On the shorter time frame, ie the 1-hour chart, BONK is actually outperforming the rest of the meme coins. Its price is already up 11.3% in the last hour at the time of this writing. This could suggest a further run in the near future for the meme con.
HarryPotterObamaSonic10Inu (ETH) BITCOIN
This meme coin is an embodiment of the most ridiculo...
|This Meme Coin Explodes 400% Following Elon Musk X Post
Musk's Recent Tweet Impact: After Elon Musk posted a birthday picture of his dog, Marvin, the price of the memecoin Marvin Inu soared by over 400%, though it later settled at roughly 100% higher than its yesterday's value.
Historical Influence on Cryptos: This isn't the first time Musk's tweets have impacted cryptocurrencies. Earlier mentions, such as dressing his pet Floki as CEO of X, led to a 40% surge in Floki Inu, and a 'Baby Doge' tweet caused the coin's price to jump nearly 90%.
Risks with Memecoins: While memecoins can offer rapid price surges, they also come with significant investment risks.
The Elon Musk Effect
The world's wealthiest man and owner of X (Twitter) has a serious influence in the cryptocurrency space. The latest example is his most recent post and the subsequent reaction coming from a less-known memecoin.
Specifically, Musk uploaded a picture of his dog posing in front of a cake with candles. 'Today is also Marvin's birthday,' the post reads.
Today is also Marvin’s birthday pic.twitter.com/HWkb8RNvi8
— Elon Musk (@elonmusk) November 1, 2023
Shortly after his interaction at the social media platform, the price of Marvin Inu spiked by over 400% (per CoinGecko). In the following hours, the MARVIN retraced significantly but is still approximately 100% up compared to yesterday's valuation.
Not the First Time
Tweets coming from Musk have impacted the prices of numerous cryptocurrencies over the years. For example, Tesla's CEO dre...
|Top Meme Tokens Record Impressive Gains in 24-Hour Trading Frenzy
According to statistics on October 26, 2023, the meme coin crypto economy has risen nearly 10% against the U.S. dollar in the past 24 hours. The top five meme tokens, including dogecoin, shiba inu, pepe, floki, and baby doge coin, have risen between 7% and more than 28% in the last day.Meme Coins Enjoy a 10% Uplift in Market Value
Meme coin values surged against the dollar on Thursday as the market valuation of the entire meme market reached $16.8 billion, up 9.9% over the past 24 hours. The leading meme coin in terms of market capitalization, dogecoin (DOGE), has risen 11% over the past day. Right below DOGE is shiba inu (SHIB), which gained 7.8% in the 24-hour span. DOGE has recorded $1.48 billion in global trade volume over 24 hours, and SHIB has seen about $428 million in trade volume.
Pepe (PEPE) climbed 8.9% against the dollar, and floki (FLOKI) saw a 28.6% rise during the past 24 hours. The fifth-largest meme coin by market cap, baby doge coin (BABYDOGE), has increased by 7% in the last day. The sixth-largest meme token, literally dubbed 'harrypotterobamasonic10inu,' saw a 2.2% decline on Thursday, and dogelon mars (ELON) saw a slight 1.7% increase. The token wall street memes (WSM), on the other hand, saw an 18.2% decline against the dollar.
While the meme coin economy is seeing $2.66 billion in global trade volume over 24 hours, most of the trade volume stems from DOGE and SHIB. In fact, approximately 71.42% of the day’s global trade volume derives from the tw...
|Bitcoin: On-Chain Tracker Points Out Interesting Difference Between Curr...
The current Bitcoin rally has taken most of the crypto space by surprise after going from under $27,000 to $35,000 in less than two weeks. As prices continue to fly, on-chain data tracker Santiment has revealed something different between the current Bitcoin rally and its previous rallies above $30,000.
Altcoins Refuse To Fall Behind Bitcoin
In the report that was posted on X (formerly Twitter), Santiment revealed that altcoins have changed their usual routine for when the Bitcoin price is surging. For instance, when Bitcoin had rallied to $30,000 in April and July of this year, altcoins had taken a back seat, allowing BTC to enjoy the shine.
This time around, the rally has been just as prominent in altcoins as it has been in Bitcoin, and in some cases, even outshining BTC’s price trajectory. Some of these altcoins that have shown teeth this time include Chainlink’s LINK, Polygon’s MATIC, Aptos’s APT, AAVE, and UIP. All of these altcoins have defied the established trend with their prices surging double-digits in a short time.
Not only are these altcoins seeing a lot of success at a time when Bitcoin would be the only one rallying, but they have also managed to decouple completely from the leading cryptocurrency. According to Santiment, all of the named altcoins “are all seeing their best performing decouplings of 2023.”
Meme Coins Show Their Prowess
As the crypto market rally has progressed through some of its most bullish stages, other...
|Tesla CEO Elon Musk Calls for 'Comprehensive Deregulation' After Predict...
Billionaire Elon Musk, the CEO of Tesla and Spacex, has underscored the need for 'comprehensive deregulation.' He made this call in response to several actions by the U.S. Securities and Exchange Commission (SEC) that he believes are severely constraining our civilization. This comes after his prediction of a 'comprehensive overhaul' of the SEC with 100% probability.Elon Musk: Comprehensive Deregulation Needed
Tesla and Spacex CEO Elon Musk has emphasized the need for 'comprehensive deregulation.' This followed his prediction that the U.S. Securities and Exchange Commission (SEC) will undergo a 'comprehensive overhaul' with 100% probability. In a recent post on his social media platform, X, the billionaire stated: 'There needs comprehensive deregulation. Period.'
Musk's statement came as the SEC is overreaching in several areas, including crypto. Numerous U.S. lawmakers, regulators, businesses, and individuals have voiced concerns regarding the SEC's actions. There is even a bill introduced in Congress to remove SEC Chairman Gary Gensler.
A recent rule proposal by the SEC, aimed at regulating predictive data analytics (PDA) and artificial intelligence (AI), has caught Musk's attention. Gensler has warned about the potential for AI to trigger a financial crisis in the coming decade.
On Saturday, Vladimir Tenev, the CEO of financial services company Robinhood Markets, cautioned on X that this new rule “would severely curb financial services firms from using technology to...
|xDay 2023: Elon Musk's X Competitor? xPortal Unveils Rival Features
In the next three days, our team at Bitcoinist will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 to focus on the Metaverse, one of the hottest trends in crypto.
During the event, the head of product for MultiversX’s native “SuperApp” xPortal, Sergius Biris, unveiled new features to expand the ecosystem. The project aims to onboard new users to the network by providing social interactions, a bridge with other blockchains, and more to compete with Elon Muk.
xPortal Goes After Elon Musk's Ambitions
Since last year, when Musk acquired Twitter (rebranded as “X”), the entrepreneur has progressively tried to turn it into something more. The social media app allows users to receive tips, subscribe to their favorite content, and interact with non-fungible tokens.
These features highlight the relevance for users to operate with a single hub. MultiversX and xPortal want to compete with Elon Musk by providing users access to these and other features announced during the conference, such as gamification, access to the metaverse, and NFTs to provide a “multifaceted digital experience.”
In contrast with X and Musk’s attempts, the team behind xPortal believes they have a critical advantage: their product is live and has over 1.5 million users already transecting and interacting with the MultiversX ecosystem.
Moreover, MultiversX has a vision to ...
|Tesla Maintains $184M Bitcoin Holdings as Elon Musk Flags Concerns Over ...
Tesla's third-quarter financial statement reveals that the electric car company has not sold any of its bitcoin. Its most recent balance sheet shows that Tesla continues to hold bitcoin valued at $184 million. Meanwhile, Tesla CEO Elon Musk has raised concerns about the high-interest rate environment affecting the auto industry.Tesla's Q3 Earnings Report
Tesla (Nasdaq: TSLA) released its third-quarter earnings results on Wednesday. The company reported $23.35 billion in revenue and $1.85 billion in profits, marking declines compared to the previous quarter.
Despite its earnings missing Wall Street expectations, the electric car company's balance sheet still shows net digital assets of $184 million. This is the fourth straight quarter that Tesla has recorded the same value for its digital assets, which mostly consist of bitcoin (BTC).
Tesla invested $1.5 billion in BTC in Q1 2021 but sold 75% of its holdings in Q2 2022. Musk explained at the time that the company is 'certainly open' to increasing its bitcoin holdings in the future, noting that the sale was due to concerns about the company's overall liquidity, 'given Covid shutdowns in China.' Tesla's filing with the U.S. Securities and Exchange Commission (SEC) also states: 'We may increase or decrease our holdings of digital assets at any time based on the needs of the business and our view of market and environmental conditions.' In January, Tesla's SEC filing showed the fair market value of the company's BTC holdings was ...
|Pro-XRP Lawyer Reacts To Elon Musk And Mark Cuban's Amicus Brief To SEC
In a pivotal moment backed by pro-XRP lawyer John E Deaton's sentiments, high-profile entrepreneurs Elon Musk and Mark Cuban, along with a consortium of prominent investors, have raised objections against the US Securities and Exchange Commission (SEC). This challenge comes in the form of an amicus curiae brief addressing the SEC's litigation procedures.
Elon Musk and Mark Cuban's Amicus Brief
Musk, Cuban, and other amici such as Phillip Goldstein, Nelson Obus, Manouch Moshayedi, and the Investor Choice Advocates Network (ICAN) collectively argue against the SEC's predominant use of administrative proceedings over jury trials. The brief highlights that this method raises questions about the constitutionality of the SEC's practices.
The amicus brief was composed for the SEC v. Jarkesy case. Here, George Jarkesy, the complainant, alleges that his Seventh Amendment privileges were infringed upon. He argues that the SEC's internal adjudication method, which lacks a jury and is overseen by a commission-designated administrative law judge, violates these privileges.
Drawing attention to the Seventh Amendment, which upholds a defendant's right to a jury trial for cases mirroring 'suits at common law,' the amici underline the SEC's inconsistency. They cite the SEC v. Seghers case as an example, where the SEC opted for a jury trial, resulting in a liability verdict against Seghers for fraud.
The amici also address concerns of 'forum shopping' by the SEC, suggesting that the agency mi...
|Meme Coin Market Plummets $3.2 Billion in 2023: Dogecoin and Shiba Inu L...
Data reveals that the meme coin market has diminished by over $3 billion in value since the dawn of 2023. The leading meme coin by market cap, dogecoin (DOGE), saw a decrease of $2.46 billion from January onwards. Concurrently, shiba inu (SHIB) experienced a drop of approximately $1.22 billion over the previous nine months.The Meme Coin Economy’s $3 Billion Dip Unraveled
While pepe (PEPE) bolstered the meme coin realm by $284 million, becoming the third most valued meme coin by market cap, the meme token arena has seen a $3.2 billion dip in worth. Merely nine months back, this economy stood tall at $16.9 billion. Today, it's declined by 18.93%, resting at a value of $13.7 billion.
Dogecoin (DOGE) retains its crown as the foremost meme coin and ranks as the tenth-largest crypto asset by overall market cap. Beginning 2023 with a valuation of $10.83 billion, DOGE's current market cap hovers at $8.37 billion, reflecting a $2.46 billion decrease. Dominating the $13.7 billion meme token sector, DOGE contributes to 61.09% of its total value.
Yet, in the recent week, DOGE diminished by 2.8%, and a month-long overview indicates a 4.4% dip against the U.S. dollar. This week, SHIB's value declined by 2.8%, and over the month, it dipped 5.4% against the greenback. On October 15, 2023, shiba inu boasts a market cap of $4.12 billion, down from $5.34 billion at the year's outset. Impressively, SHIB constitutes 30% of the $13.7 billion meme token ecosystem.
At the year's dawn, PEPE h...
|This Elon Musk-Related Meme Coin is the Only One to Defy Stagnating Cryp...
While most memecoins are experiencing a decline, Floki Inu (FLOKI) is rising with a 7% increase in the past 24 hours and 16% over the last 30 days.
The token has connections to Elon Musk, as his dog is named Floki, and Musk's tweets have historically impacted FLOKI's price, with one instance causing a 40% spike.
Memecoins are speculative cryptocurrencies based on trends; notable examples include Dogecoin, Shiba Inu, and Floki Inu, among others.
FLOKI Goes Against the Tide
Most crypto assets part of the memecoin realm have been heavily impacted by the recent market decline. Leading ones like Dogecoin (DOGE) and Shiba Inu (SHIB) have both nosedived by approximately 5% on a weekly basis.
However, there is one such token part of the top 10, which is on an uptrend, and its name is Floki Inu (FLOKI). It is up over 7% for the past 24 hours and 16% in the last 30 days.
FLOKI Price, Source: CoinGecko
Interestingly, the memecoin is somewhat related to the wealthiest person on the planet - Elon Musk - since his dog's name is named Floki. Tweets coming from him have impacted the price of the asset multiple times.
For example, Musk dressed his pet as the new Chief Executive Officer of X (formerly known as Twitter) earlier this year, while FLOKI spiked by 40% shortly after. The exact reason behind the token's latest surge remains unknown.
Everything About Memecoins
Memecoins are a certain type of cryptocurrencies that are highly speculative and based on a specific trend. The large...
|Dogecoin In A Dire Position As Daily Active Addresses Drop Drastically
Dogecoin, which began as a meme cryptocurrency, has demonstrated that it can compete successfully in the crypto market. Although Dogecoin is still the biggest meme crypto, on-chain data points to the crypto losing steam among whale investors.
According to data from IntoTheBlock, the number of Dogecoin transactions valued at $100,000 or more has declined sharply over the past few months. Data also shows that the number of daily transactions has been on a steady decline since May.
Dogecoin Whale Transactions
Dogecoin seems to be losing interest from whale traders. A deep dive into on-chain data from IntoTheBlock has shown Dogecoin witnessed only 651 whale transactions in the past 24 hours and 4.85k whale transactions throughout the week.
This metric follows transactions above $100,000, but its current level is a pale reflection of Dogecoin's past performance. At the height of the Dogecoin hype in 2021, whale transactions made up a sizable portion of all Dogecoin transfers, reaching as high as 39.3k transactions in one week.
A metric following the number of overall transactions has shown similar results of low volume. Dogecoin recorded a staggering increase of 8,220% in daily transactions to reach 2.08 million on May 27, but this count has since fallen to just 38,000 transactions in the past 24 hours. When daily active addresses decline this rapidly, it’s usually a sign that interest in the crypto asset is waning.
Dogecoin has been on a downtrend for quite...
|Tesla CEO Elon Musk Predicts 'Comprehensive Overhaul' of SEC With 100% P...
Billionaire Elon Musk has called for a “comprehensive overhaul” of regulatory agencies, which includes the U.S. Securities and Exchange Commission (SEC). The Tesla and Spacex CEO added that there needs to be a commission to take punitive action against individuals who abuse their regulatory power for personal and political gain.Elon Musk Says Comprehensive Overhaul of Regulatory Agencies 'Sorely Needed'
Tesla and Spacex CEO Elon Musk has called for a thorough overhaul of regulatory bodies, including the U.S. Securities and Exchange Commission (SEC). He made this call after the securities regulator sued him to force him to testify about his acquisition of social media platform Twitter, now known as X.
In response to X user Mario Nawfal, who shared the news of Musk being sued by the SEC, the Tesla CEO wrote:
A comprehensive overhaul of these agencies is sorely needed, along with a commission to take punitive action against those individuals who have abused their regulatory power for personal and political gain. Can’t wait for this to happen.
Moreover, another X user asked Musk: 'Will it ever happen?' The billionaire replied: 'I estimate the probability at 100%'
On Thursday, the SEC announced that it had filed a subpoena enforcement action against Musk. The regulator is seeking a court order to compel the Tesla boss to attend an investigative testimony concerning his purchase of Twitter. This was not the first time the SEC had sued Musk. In 2018, the securities...
|'Verified Satoshi' Handle on X Triggers Debate Among Bitcoin Circles, El...
On the social media platform X (formally Twitter), an account created in 2018 is causing a lot of uproar as the account is called “@satoshi,” and has a verified check mark confirming its identity. A few bitcoin influencers have called on Elon Musk to remove the account's checkmark, and others, including a Community Notes post, suggested the account is associated with the Australian Craig Wright.A Tangled Tale of Crypto-Identity — 'Satoshi' Account Stirs Controversy on X Platform
This week, an account with the handle '@satoshi,' has sparked discussion in bitcoin and crypto circles. The account, created in May 2018, posted for the first time on October 2, 2023, since its last post recorded on October 31, 2018. The account itself has a blue checkmark, follows no one, and has more than 75,000 followers. The X post published on Monday said:
Bitcoin is a predicate machine. Over the following months, we shall explore different aspects that were not explicitly contained within the white paper. These aspects are all parts of bitcoin, and are important. Some of these ideas were touched upon in the early years; now is the time to extrapolate and explain.
The post on October 31, 2018, nearly five years ago, was a thread that contains the white paper written within the 280-character limit for each post. The post published this week on October 2, has a Community Notes fact-check attached to it that says, “This isn't the real Satoshi Nakamoto, creator of Bitcoin. It'...
|Tesla CEO Elon Musk Calls Fiat Currency a Scam
Tesla and Spacex CEO Elon Musk believes that fiat currency is a scam that is so normalized that we don't even realize that it's a scam. Many people share a similar view, including Rich Dad Poor Dad author Robert Kiyosaki, who has frequently cautioned against investing in the U.S. dollar and other fiat currencies, which he labels 'fake' money.Elon Musk Thinks Fiat Currency Is a Scam
The CEO of Tesla and Spacex, Elon Musk, believes that fiat currency is a scam. In a post on social media platform X, user Wall Street Silver shared an image with a question on Sunday: 'What's a scam that's so normalized that we don't even realize it's a scam anymore?' Musk replied: 'Fiat currency.'
Musk has long been critical of fiat currency. In February 2021, he tweeted, 'When fiat currency has negative real interest, only a fool wouldn't look elsewhere.' He also compared fiat currency to BTC, stating: 'Bitcoin is almost as bs as fiat money.' Nonetheless, he added: 'The true battle is between fiat & crypto. On balance, I support the latter.'
The Tesla boss is not the only one who holds the view that fiat currency is a scam, fraud, or Ponzi scheme. Vailshire Capital founder Jeff Ross described on X Tuesday: 'The fiat currency system exists to methodically extract purchasing power from its participants.' Rich Dad Poor Dad author Robert Kiyosaki has also called the U.S. dollar a scam, and predicted the demise of the USD. The famous author refers to fiat money as 'fake money,' while gold and silver...
|Twitter IPO: Dogecoin Takes Center Stage In Elon Musk's X IPO Rumors
The crypto community is buzzing with excitement as rumors spread about a possible collaboration between the CEO of Pershing Square Capital Management and Elon Musk’s X. Ackman’s desire to potentially work with X has grabbed the attention of investors, raising questions about the possible impact on the cryptocurrency market, specifically on digital coins like Dogecoin.
Ackman Signals Willingness To Strike Deal With Musk’s X
According to reports from The Wall Street Journal, Bill Ackman, an American Billionaire hedge fund manager and founder and CEO of Pershing Square, has stated his interest in striking a deal with Elon Musk’s recently rebranded X social media platform.
When asked by The WSJ if he would be interested in enacting a deal with X, Ackman responded by saying “Absolutely.” The American billionaire has been an avid user of X platform, amassing almost 800,000 followers and broadcasting his views on various global topics and issues.
The Pershing Square CEO also recently disclosed the regulatory approval of its unique investment vehicle, SPARC by the United States Securities and Exchange Commission (SEC), allowing the financial vehicle to target and invest in privately held firms and move them into a public domain.
Ackman announced in an X post, urging private companies looking to go public to consider Pershing Square as an investor.
'If your large private growth company wants to go public without the ri...
|The Future of Cryptocurrency Faces Meme Domination: Can Memeinator Chang...
2022’s crypto winter wasn’t enough to kill off the residual effects of 2021’s meme coin mania hangover. The meme coin space is thriving as a vital part of the future of cryptocurrency, playing an integral role in onboarding masses of new investors. The chance to make early investors massive returns is a bonus if they time their entry and exit points right.
Clever meme coin marketing tactics can trigger hype cycles and buying frenzies, as evidenced by Pepe Coin’s 2023 rise and fall.
However, the existence of meme coin projects with no real-world use is a net negative for the crypto world. The volatility of meme coins can be a blessing and a curse. It’s all fun and games until the next rug pull happens.
Crypto needs a hero who will do the right thing for the industry — a meme coin that combines fun, virality, and explosive price potential with long-term prospects. A meme coin from the future of cryptocurrency that has returned to the present to cleanse the space of its worst excesses.
Enter the hero crypto needs but doesn’t deserve: the Memeinator.
Judgment Day comes to the meme coin world on the 27th of September, as its MMTR token launches its presale to early-stage investors.
Here’s the full scoop on its highly-anticipated ICO.
What is the Memeinator (MMTR)?
The Memeinator goes where no other meme cryptocurrency has gone before, combining meme coin marketing genius with sophisticated AI technology to identify and cull weak mem...
|Here's the Most Discussed Cryptocurrency Recently (It's Not XRP or SHIB)
Several researches have estimated that some of the most popular cryptocurrencies are Bitcoin (BTC), Ether (ETH), Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB).
However, the top trending token in the space lately is neither of those.
Enter Dogelon Mars (ELON)
According to the behavior analytics platform Santiment, the cryptocurrency that has gathered significant attention recently and has become the subject of most discussions is Dogelon Mars (ELON). Despite being far away from its peak levels registered during the bull market in 2021, the token has shown solid performance earlier this year.
What's more interesting is that most discussions involving ELON have been with a positive sentiment (over 62%). Neutral opinions on the matter have raged at approximately 19%, whereas negative attitudes have accounted for 18.7% of the total conversations.
The largest cryptocurrency by market capitalization - Bitcoin (BTC) - has been the second-most discussed asset, while the native token of FINSCHIA - FNSA - ranked third.
#DogelonMars is the fastest rising asset in #crypto, in terms of discussion rate percentage increase. The token has also been seeing recent spikes in network growth, indicating new addresses are being generated at an increased rate. https://t.co/sjQbpCPj5E pic.twitter.com/4fpnY8gJxw
— Santiment (@santimentfeed) September 19, 2023
It is worth mentioning that X (formerly known as Twitter) is rammed with bot activity, casting doubts on the exact per...
|Shiba Inu (SHIB) on the Verge of Hitting a Major Milestone
Data provided by Shibarium Explorer revealed that overall transactions on the layer-2 blockchain solution have reached almost two million.
Recall that the network built on Ethereum that aims to increase transaction speed, lower costs, and elevate Shiba Inu above its rivals went live approximately two weeks ago.
Shibarium Eyes a New Milestone
According to the entity, the exact total number of daily transactions on Shibarium (as of the moment) stands at 1,951,468.
The number of mined blocks has already surpassed the 500K milestone and is inching closer to 600,000, whereas the wallet addresses hit over 1.1 million and continue rising.
The aforementioned numbers come less than a month after the L2 scaling solution saw the light of day. It is considered a key part of a broader plan that aims to position Shiba Inu as a leading blockchain project by reducing fees and improving transaction speed.
Most SHIB Holders are Underwater
Despite Shibarium's launch and the positive news surrounding it, the price of Shiba Inu (SHIB) has been on a downtrend in the past few weeks. The memecoin currently trades at approximately $0.00000710, a 12% decline compared to the figure 14 days ago (per CoinGecko's data).
As CryptoPotato reported earlier today, the price decline has affected the majority of SHIB holders. An analysis by IntoTheBlock showed that only 11% of such investors are currently sitting on unrealized profit.
The situation is quite similar when observing other memec...
|Dogecoin Dominates: Over 40% Holders In Profit, But How Do Other Meme Co...
A recent report by IntoTheBlock offers new insights into the profitability of meme coin holders, including Dogecoin, highlighting variations in the percentage of holders in profit and whale concentration. Dogecoin, the forerunner in this category, continues to hold its own, with new data underscoring its dominance in terms of profitability for its holders.
Dogecoin Holds The Lead
According to the report by blockchain data analytics platform IntoTheBlock, Dogecoin outpaces its counterparts, with 42% of its holders being in profit.
It is worth noting that this appears to solidify its position as a frontrunner in the meme coin domain and emphasizes its growing importance in the broader crypto space.
Ever wondered how meme coins compete on important metrics? Dive into our latest infographic where we break down the performance of 6 popular meme coins, analyzing holder profits and whale concentration.#Dogecoin #Pepe #LEASH #SHIB #FLOKI #ELON pic.twitter.com/Di5vbyo3PZ
— IntoTheBlock (@intotheblock) September 8, 2023
The analysis, which took into account the top six meme coins including Dogecoin (DOGE), Pepe (PEPE), Doge Killer (LEASH), Dogelon Mars (ELON), Shiba Inu (SHIB), and Floki (FLOKI), positioned PEPE and LEASH in second and third places, with 21% and 19% of their holders respectively turning a profit.
Whale Concentrations And Other Tokens
In addition to highlighting profitability, the study delved into the concentration of whales within these meme coins. Inte...
|Dogecoin Price Slide Persists Despite This Elon Musk Biography Revelatio...
The upcoming biography of Elon Musk, set to be published on September 12, is shedding light on some previously unknown facets of the billionaire's involvement in the crypto and especially Dogecoin world. According to a report by the Wall Street Journal, the biography discloses that Musk has been discreetly funding the development of Dogecoin.
The tech entrepreneur Musk has been 'quietly funding' the development of Dogecoin, the biography unveils, further emphasizing the significant influence Musk has had on the meme coin's popularity. This revelation comes amidst previous suspicions that Musk's comments on Dogecoin have been instrumental in swaying its market dynamics.
Earlier this year, a class-action lawsuit accused him of insider trading and artificially inflating the cryptocurrency's price. Musk, however, defended his stance, asserting that his tweets in support of Dogecoin were not illegal.
The biography, penned by Walter Isaacson, also highlights Musk's consideration of launching a blockchain-based social media platform with integrated payments. The idea came from his brother Kimbal, who suggested starting a completely new social media platform based on blockchain.
Musk humorously contemplated using Dogecoin as the platform's payment system. Remarkably, Musk recently clarified that X, the rebranded version of Twitter which he acquired for $44 billion, would 'never' introduce its own token.
Interestingly, the biography also delves into a failed investment attempt by Sam...
|Dogecoin Pumps After Elon Musk Secures Crypto Wallet License For X
Is Elon Musk going to bring crypto payments to X?
In a Monday filing, the tech billionaire’s social media platform secured the Rhode Island Currency Transmission License, which is crucial for offering such services within the state.
Dogecoin On X?
The approval, confirmed by the Nationwide Multistate Licensing System (NMLS), comes after X (formerly Twitter) began applying for money transmitter licenses in every required U.S. state last month.
In the United States, money transmitters are a subcategory of money services businesses (MSBs) and help facilitate fund transfers between disparate locations and across international borders.
As peer-to-peer payment technology, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are known for being open, permissionless, and borderless payment systems. They’re also a point of casual interest for Elon Musk, who occasionally remarks about the industry and playfully tweets about his favorite cryptocurrency, Dogecoin (DOGE), on his platform.
Specifically, a currency transmission license is required for offering crypto wallet services, which allow users to store, send, and receive digital assets. While anyone can technically own a personal crypto wallet, many may prefer the ease of use and peace of mind that come with custodial wallet solutions.
Were X to implement crypto payments, it would expand on Musk’s mission to make X into an “everything app” where users can conduct their “entire financial world.&rd...
|Here's Why The Polkadot Price Is Rising, While Launchpad XYZ Approaches ...
Major cryptocurrencies had another weak showing yesterday, highlighted by a modest 0.3% increase in the global crypto market cap. Bitcoin once again fell below the $26K price mark, with experts predicting more downside in the coming days.
Despite the growing liquidity concerns in the crypto market, Polkadot saw close to a 40% surge in its daily trading volume which resulted in the token bouncing by 3% in the past 24 hours. Widespread innovation and adoption are also helping $DOT outperform the bearish crypto mark.
Launchpad XYZ is another project that is displaying bullish strength, having already raised close to $1.5 million in its ICO.
Polkadot Surges on the Back of Rapid Innovation, Increased Adoption
Polkadot has emerged as one of the top-performing crypto assets in the past day, surging 3% in the daily time frame and 3.5% over the past week. Thanks to a 37% increase in its 24-hour trading volume, the token is now trading at $4.60 with a market capitalization of over $5.5 billion.
TradingView, a technical analysis platform, gives a Buy signal to $DOT in the 4-hour time frame, with the 100 Exponential Moving Average at $4.61 serving as the next target for the bulls. Even the MACD oscillator indicator has flipped to green, which could point to an upcoming buying spree.
$DOT’s resurgence, despite the widespread bearishness in the crypto market, can be attributed to the bustling innovation and adoption in the Polkadot ecosystem. Last week, Circle announced that the USD...
|Which Top Meme Coins Have Held Their Value Best Amid The Crypto Market C...
The performance of the top meme coins in the space has mostly mirrored the broader market crash triggered by Bitcoin’s decline toward the $25,000 level. However, while all of these digital assets have suffered losses during this time, some have held up better than others, leading to fewer losses on their part compared to their competitors.
Baby Doge Coin (BABYDOGE) Leads Meme Coins
This meme coin has surprisingly seen the best performance following the crash compared to its counterparts. While most top meme tokens have recorded double-digit losses, Baby Doge Coin (BABYDOGE) managed to keep below the 10% loss level, coming in with only single-digit losses.
As data from the coin tracking website Coinmarketcap shows, BABYDOGE’s price decline over the last weeks came in 5.97%. This is in stark contrast to others that have come in above 10%, making BABYDOGE the meme token that has held its value best through the crash.
Dogelon Mars (ELON) Performs Well
Dogelon Mars (ELON) is another meme coin that has put up a tremendous fight against the bears in the last week. Just like BABYDOGE, the token came in with 10% losses in the last week, although by a much narrower margin.
The meme token is down 7.85% on the weekly chart, showing impressive resistance. And unlike BABYDOGE which is up 0.63% in the last day, Dogelon Mars (ELON) is seeing losses of 3.35% during this time period, putting it on par with other meme tokens struggling on Wednesday.
Dogecoin (DOGE) Holding ...
|Dogecoin (DOGE) Price Stirs to Life as Elon Musk Namechecks Meme Coin
Elon Musk is at it again. The controversial owner of X published a cryptic post on the social media platform, declaring, 'X is a dog and Doge friendly place!'
X is a dog & Doge friendly place!
— Elon Musk (@elonmusk) August 23, 2023
The post is the latest installment in Musk’s highly publicized relationship with Dogecoin (DOGE).
He often calls himself the 'Dogefather' and the 'Dogecoin CEO,' with his actions and words helping to raise the meme coin’s profile in both pop culture and the financial world.
Often, Musk’s DOGE-related comments have caused the coin’s price to shoot up considerably.
In April of this year, before eventually changing Twitter’s name to X, the Tesla CEO surprised everyone by switching its blue bird logo for the Dogecoin Shiba Inu dog image.
This change caused the price of DOGE to go up by 30%, showing how sensitive the market is to what Musk does and says about the cryptocurrency.
However, following his latest post, DOGE prices have only moved slightly, gaining 0.6% in the hour preceding this writing and 0.9% over the last 24 hours.
DOGEUSD. Source: TradingView
The coin has had a relatively difficult period, losing 16.8% of its value over 30 days and 10.3% in the last seven days. After touching $0.0817 in late July, DOGE is now trading at $0.0633, with a 24-hour trading volume of $370 million.
The post Dogecoin (DOGE) Price Stirs to Life as Elon Musk Namechecks Meme Coin appeared first on CryptoPotato.
|BTC vs. BTCX: The Token Space X and Elon Can't Shake Even After BTC Dump
In the world of cryptocurrency, volatility is a given. However, while some tokens bear the brunt of external influences, others stand resilient, promising a brighter future.
Amidst the turbulence caused by recent headlines about Bitcoin's price fluctuations, influenced significantly by SpaceX's activities and Elon Musk's remarks, cBTCX Token emerges as a beacon of innovation and potential. Bitcoin's price has recently fallen by over 10% amidst rumors spreading of SpaceX selling their Bitcoin holdings.
Redefining the Landscape with Pioneering Features
The core vision behind BTCX is not just another entry in the cryptocurrency arena; it stands as an embodiment of innovation committed to rectifying crypto space inefficiencies.
Central to this aspiration is the Xin Blockchain, a pioneering technology integrating quantum computing capabilities, fortifying BTCX's security infrastructure.
Drawing cues from Ethereum's adaptability, the Xin Blockchain offers enhanced user-centricity while mounting a strong defense against quantum threats. This distinct amalgamation sets BTCX apart. Beyond merely responding to market dynamics, the token charts a proactive path. The remarkable $1.5 million raised by BTCX underlines both market trust and its avant-garde strategy.
Unique Features and Innovations
BTCX has harnessed the power of several features, ensuring it isn't just another coin in the market but a revolution.
Hyper-Deflationary Burning: This mechanism ensures periodic reductions in th...