X Token Has Nothing To Do With Elon Musk's Rebranded Twitter, But It's Shot Up 1800%
Portfolio Pulse from Mehab Qureshi
A token unrelated to Elon Musk's X.com has seen a surge of 1800% within 24 hours, following Musk's hint at a logo change for Twitter. The token is a project by X, a decentralized NFT marketplace. Musk's acquisition of Twitter earlier this year led to its integration into X Corp., a privately-held corporation. Bitcoin was trading at $29,774, down 0.24% in the last 24 hours.
July 24, 2023 | 3:44 am
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NEGATIVE IMPACT
Bitcoin's price has decreased by 0.24% in the last 24 hours.
The news mentions that Bitcoin's price has decreased by 0.24% in the last 24 hours. This indicates a negative short-term impact on the price of Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
The news does not provide any specific information about the price movement of Ethereum.
The news mentions Ethereum but does not provide any specific information about its price movement. Therefore, the short-term impact on Ethereum's price cannot be determined based on this news.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50