{"id":543938,"date":"2023-07-24T08:12:07","date_gmt":"2023-07-24T08:12:07","guid":{"rendered":"https:\/\/wncen.com\/?p=543938"},"modified":"2023-07-24T08:17:56","modified_gmt":"2023-07-24T08:17:56","slug":"x-coin-explodes-1600-despite-no-connection-to-elon-musks-twitter-rebrand-details","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/x-coin-explodes-1600-despite-no-connection-to-elon-musks-twitter-rebrand-details\/","title":{"rendered":"X Coin Explodes 1,600% Despite No Connection To Musk’s Twitter Rebrand – Details"},"content":{"rendered":"

X, a little-known digital asset, has experienced an astronomical surge, rallying by more than 1,000% following Elon Musk’s revelation about a Twitter rebranding venture.<\/span><\/p>\n

The obscure altcoin is linked to Project X\u2014a decentralized NFT marketplace that operates across various blockchain networks. To ensure community-driven governance, the X DAO plays a crucial role, empowering users who have staked their X tokens to obtain the coveted veX governance token, granting them voting privileges within the platform.<\/span><\/p>\n

Related Reading: XRP Sluggish: Unraveling The Factors Behind Its Gradual Weakening<\/a><\/div>\n

Musk’s vision for X and its potential influence on the financial landscape is a driving force behind his decision to appoint Linda Yaccarino as the CEO of Twitter in May. The ultimate goal is to facilitate the transformation of Twitter into X, bringing the ambitious “super app” project to life and expanding its reach to a massive user base.<\/span><\/p>\n

Twitter Rebrand Plan Boosts X Coin Price<\/strong><\/h2>\n

Over the weekend, Musk took to Twitter to reveal his ambitious intentions, announcing the retirement of the distinct blue bird symbol that has long served as Twitter’s iconic logo. <\/span><\/p>\n

The eccentric billionaire aimed to give the micro-blogging platform a fresh identity by changing its name to X.com. Little did he know that this seemingly unrelated move would significantly impact an obscure cryptocurrency.<\/span><\/p>\n

Following\u00a0<\/span>Musk’s surprising announcement<\/span>, the next few hours witnessed an unexpected reaction from the relatively unknown X token.<\/span><\/p>\n

\n

pic.twitter.com\/IwcbqMnQtA<\/a><\/p>\n

\u2014 Elon Musk (@elonmusk) July 23, 2023<\/a><\/p><\/blockquote>\n

\u00a0<\/span>Coingecko data<\/span><\/a> revealed that the price of X skyrocketed to $0.00037534, experiencing an astounding 24-hour rally of 1,628.2%. Even more astonishing was its seven-day surge, reaching 1744.2%. <\/span><\/p>\n

\"\"<\/p>\n

X price movement in the 24-hour to the 30-day timeframe. Source: Coingecko<\/a><\/pre>\n
This unprecedented price action caught the crypto community’s attention, leading to speculation about the potential reasons behind the token’s sudden surge.<\/span><\/p>\n
\"\"<\/p>\n
X price in the 24-hour timeframe. Source: Coingecko<\/a><\/pre>\n
In a\u00a0<\/span>follow-up tweet<\/span><\/a>, Musk wrote, “If a good enough X logo is posted tonight, we’ll make (it) go live worldwide tomorrow.” This cryptic message intensified excitement and speculation surrounding the X token, leaving investors and enthusiasts anticipating the future of this enigmatic digital asset.<\/span><\/p>\n
<\/p>\n
Bitcoin currently trading at $29,720 on the daily chart: TradingView.com<\/a><\/pre>\n
Musk’s Vision For X<\/strong><\/h2>\n
Musk has set his sights on creating a revolutionary “super app,” also called X, drawing inspiration from the trendy WeChat platform, which dominates messaging, social media, and payment services in China.<\/span><\/p>\n
Related Reading: From Polygon NFT Wins To MATIC Gains: Understanding The Connection<\/a><\/div>\n
He has openly expressed his desire to <\/span>emulate the success of WeChat<\/span><\/a>, aiming to develop an all-encompassing platform that could reshape how people interact and conduct transactions.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Hypersonic Missile Via Raytheon<\/em><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"
X, a little-known digital asset, has experienced an astronomical surge, rallying by more than 1,000% following Elon Musk’s revelation about a Twitter rebranding venture. The obscure altcoin is linked to Project X\u2014a decentralized NFT marketplace that operates across various blockchain networks. To ensure community-driven governance, the X DAO plays a crucial role, empowering users who have staked their X tokens to obtain the coveted veX governance token, granting them voting privileges within the platform. Related Reading: XRP Sluggish: Unraveling The Factors Behind Its Gradual Weakening Musk’s vision for X and its potential influence on the financial landscape is a driving force behind his decision to appoint Linda Yaccarino as the CEO of Twitter in May. The ultimate goal is to facilitate the transformation of Twitter into X, bringing the ambitious “super app” project to life and expanding its reach to a massive user base. Twitter Rebrand Plan Boosts X Coin Price Over the weekend, Musk took to Twitter to reveal his ambitious intentions, announcing the retirement of the distinct blue bird symbol that has long served as Twitter’s iconic logo. The eccentric billionaire aimed to give the micro-blogging platform a fresh identity by changing its name to X.com. Little did he know that this seemingly unrelated move would significantly impact an obscure cryptocurrency. Following\u00a0Musk’s surprising announcement, the next few hours witnessed an unexpected reaction from the relatively unknown X token. pic.twitter.com\/IwcbqMnQtA \u2014 Elon Musk (@elonmusk) July 23, 2023 \u00a0Coingecko data revealed that the price of X skyrocketed to $0.00037534, experiencing an astounding 24-hour rally of 1,628.2%. Even more astonishing was its seven-day surge, reaching 1744.2%. X price movement in the 24-hour to the 30-day timeframe. Source: Coingecko This unprecedented price action caught the crypto community’s attention, leading to speculation about the potential reasons behind the token’s sudden surge. X price in the 24-hour timeframe. Source: Coingecko In a\u00a0follow-up tweet, Musk wrote, “If a good enough X logo is posted tonight, we’ll make (it) go live worldwide tomorrow.” This cryptic message intensified excitement and speculation surrounding the X token, leaving investors and enthusiasts anticipating the future of this enigmatic digital asset. Bitcoin currently trading at $29,720 on the daily chart: TradingView.com Musk’s Vision For X Musk has set his sights on creating a revolutionary “super app,” also called X, drawing inspiration from the trendy WeChat platform, which dominates messaging, social media, and payment services in China. Related Reading: From Polygon NFT Wins To MATIC Gains: Understanding The Connection He has openly expressed his desire to emulate the success of WeChat, aiming to develop an all-encompassing platform that could reshape how people interact and conduct transactions. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Hypersonic Missile Via Raytheon<\/p>\n","protected":false},"author":557,"featured_media":543945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,8375,8686,4735,4257,88681,88682],"class_list":["post-543938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-elon-musk","tag-ethusd","tag-price-action","tag-twitter","tag-x","tag-x-price"],"acf":[],"yoast_head":"\nX Coin Soars 1,800% Following Musk Twitter Rebrand Tweet<\/title>\n<meta name=\"description\" content=\"X, a little-known digital asset, has experienced an astronomical surge, rallying by more than 1,000% following Elon Musk's revelation about a Twitter\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"X Coin Explodes 1,600% Despite No Connection To Musk’s Twitter Rebrand – Details","url":"http:\/\/wncen.com\/news\/x-coin-explodes-1600-despite-no-connection-to-elon-musks-twitter-rebrand-details\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/x-coin-explodes-1600-despite-no-connection-to-elon-musks-twitter-rebrand-details\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-150.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-150.png?fit=693%2C366"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","elon musk","ethusd","price action","twitter","x","x price"],"dateCreated":"2023-07-24T08:12:07Z","datePublished":"2023-07-24T08:12:07Z","dateModified":"2023-07-24T08:17:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"X Coin Explodes 1,600% Despite No Connection To Musk’s Twitter Rebrand – Details\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/x-coin-explodes-1600-despite-no-connection-to-elon-musks-twitter-rebrand-details\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/x-coin-explodes-1600-despite-no-connection-to-elon-musks-twitter-rebrand-details\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-150.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-150.png?fit=693%2C366\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"elon musk\",\"ethusd\",\"price action\",\"twitter\",\"x\",\"x price\"],\"dateCreated\":\"2023-07-24T08:12:07Z\",\"datePublished\":\"2023-07-24T08:12:07Z\",\"dateModified\":\"2023-07-24T08:17:56Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-150.png?fit=693%2C366","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/543938"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=543938"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/543938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/543945"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=543938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=543938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=543938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}