Speculative Activity on Twitter to Boost these Cryptocurrency Assets.
Large amounts of trading activity on BNB, DOGE, and MASK
Both Dogecoin and BNB experienced huge trading volume and price volatility as a direct result of speculative behavior on Twitter to boost the value of their respective cryptocurrency assets.
On Twitter, Elon Musk had previously dropped hints that dogecoin might be made available in the near future. On Twitter, Binance’s CEO has also dropped hints regarding the exchange’s possible support for BNB. The value of one Dogecoin increased by more than 140% in just one week, while the value of one Binance Coin increased by more than 13%.
There is something peculiar about Elon Musk owning Twitter and its connection to cryptocurrencies, especially in light of the fact that Binance paid $500 million to this transaction in order to effectively have a seat at the table and propel Twitter into web3.
We are aware of this since Elon Musk’s purchase of Twitter and the company’s affiliation with cryptocurrencies served as a rather significant clue…
