These 2 Altcoins Are Breaking Records With Elon Musk Doping!

Tesla CEO Elon Musk and the Twitter takeover have kept the cryptocurrency market busy this week. Musk’s attack and the expectations that the role of cryptocurrencies on Twitter will increase, caused certain altcoins to experience an increase. Alongside DOGE, BNB hit all-time highs against Bitcoin. Here are the details…

BNB sets new record against BTC

The data showed that BNB/BTC briefly climbed above 0.15 BTC on October 30. BNB rose to 0.15267 BTC for a while. Binance’s in-house token, BNB, the largest crypto exchange by volume, has gained nearly 10% over the past 72 hours. The strong performance followed reports that Binance is preparing to assist Twitter in eliminating bots. Koindeks.comAs we reported, Binance contributed as much as $500 million to Musk’s takeover of the social media platform.

In addition, Binance CEO cited Elon Musk’s “bird is free” tweets about his acquisition of Twitter. In this middle, in US dollar terms, BNB performed best since mid-August. It hit three-month highs at $318.80 for the day. Musk was also responsible for the high performance of another well-known cryptocurrency, Dogecoin, in recent days. In a known state, Musk’s Twitter-related actions came to the fore. This has had an incredible impact on DOGE price action. Thus, DOGE/USD reached its highest levels since April. An increase in use cases is expected for DOGE, which has been a favorite of Musk for a long time.

There are criticisms of price movements

In the middle, a well-known analyst, Tree of Alpha, suggests that individual traders will be “at work” with the help of both the Twitter and Binance ecosystems. He voiced his fear that Launchpads would be popular again. He expressed his concern that investors will again quickly buy unknown tokens on BSC.

Stockmoney Lizards pointed out the mysterious recurring similarities in DOGE price action and the relative strength index (RSI) this year. “Dogecoin is copying itself,” the analyst summed up.

With Elon Musk investment, DOGE users can benefit from multiple profits

Tesla CEO and billionaire Elon Musk’s acquisition of Twitter made 62 percent of Dogecoin investors profit. According to information from IntoTheBlock, this means that up to 62% of DOGE owners are making money at the current price. According to CoinGecko, events have caused DOGE to surpass smart contract platforms Cardano and Solana. It triggered DOGE to become the 8th largest cryptocurrency with a market cap of $16.3 billion.

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