Bitcoin
$75,519
and cryptocurrencies are on the rise, with the price of DOGE experiencing an almost 20% increase. However, a lesser-known token associated with Elon Musk has seen even greater gains. As volatility increases, X Empire Token makes headlines as traders seek opportunities in the market.
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X Empire Coin (X)
Elon Musk and X Token
X Empire Coin (X)
Cryptocurrencies linked to Elon Musk have witnessed a surge since Trump’s victory. As evidenced by Dogecoin
$0.200206, market expectations have led to positive price movements over time. Investors who anticipated this outcome have reaped substantial rewards following the election results.
X Empire’s token, X, which is linked to a Telegram tap-to-earn game themed around Elon Musk, recorded a remarkable 53% increase in the last 24 hours according to CoinMarketCap. Despite a slight correction, X Token currently stands as the most traded altcoin on the TON network.
Elon Musk and X Token
Numerous tokens have been created in honor of Elon Musk, inspired by various aspects of his life, including his dog and song lyrics. The efforts to turn every Musk-related action into a meme coin are not surprising.
Musk has openly supported Trump, using Twitter as a platform to express his views. His participation in rallies and speeches contributed to the perception that Trump’s success mirrored his own. Recently, Musk donated an impressive $130 million through America PAC, which seems to add to his satisfaction.
Altcoins themed after Musk share this joy. The price of X Token, which soared to $0.00010150, is currently finding buyers below the resistance level of $0.00008934. A significant drop could see $0.00006197 as a crucial testing point. The token has surged over 180% in the last two days, yet it remains below its all-time high on the OKX exchange.
Bitcoin is currently priced at $74,300, not far from its all-time high of $75,407.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
