Home Latest News Elon Musk Triggers Surprise 5,000% Bitcoin Rival Crypto Price Surge – Forbes

Elon Musk Triggers Surprise 5,000% Bitcoin Rival Crypto Price Surge – Forbes

Tesla TSLA billionaire and Twitter owner Elon Musk has a long history of boosting the price of various cryptocurrencies—not least his “fav” bitcoin rival dogecoin that’s been overshadowed recently.
Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market roller-coaster
The bitcoin price has been left in the dust by a handful of so-called memecoins in recent weeks as traders pile into viral cryptocurrencies that are designed to climb with the amount of attention they get.
Now, a new cryptocurrency linked to the milady non-fungible token (NFT) collection has seen its price rocket 5,000% after Musk posted a meme to Twitter that featured one of the NFT avatars.
It’s at the beginning of a bull run you need up-to-date information the most! Sign up now for the free CryptoCodexA daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market
Tesla chief executive Elon Musk has previously helped the bitcoin price climb with his from-the-hip … [+] tweets, as well as dogecoin and other meme-based cryptocurrencies.
“There is no meme, I love you,” the text on the anime-style image Musk posted to Twitter read, with the price of the newly-created milady meme coin climbing sharply in the 24 hours since.
The milady meme coin has a total supply of 888 trillion according to its website, with 1% “airdropped to all pepe and milady NFT holders.”
Various viral memecoins, including the Pepe the frog-based pepe and dogecoin-inspired floki, have seen huge rallies in recent weeks, helped by a shock Binance announcement.
Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious
The milady meme coin, a bitcoin rival linked to an NFT collection, has seen a huge price rally after … [+] Twitter owner Elon Musk posted an image featuring one of the NFT’s avatars.
The milady maker NFT collection was pushed to the top of the NFT marketplace OpenSea’s trending section with the “floor” price—the lowest price for any NFT in a collection—surging to almost $14,000 before falling back.
The milady NFT collection—made up of 10,000 profile picture NFTs in what’s described as a “neochibi aesthetic inspired by street style tribes”—saw price volatility last year after its creator was linked to a Twitter account that had shared racist and abusive tweets.