On November 7, Elon Musk changed his Twitter account name, the new name is “LordeEdge”. However, Musk did not explain the reason for the name change and the specific meaning of the new name. At the same time, the same name Elon Musk cryptocurrency LordeEdge came into being. Online trading began on November 8, and the day’s trading volume was close to 27 million U.S. dollars. Although there is no direct evidence of Musk’s connection with LordeEdge coin, this coin also ushered in a surge after its launch.
The name change spawns a new Elon Musk cryptocurrency
According to CoinMarketCap data, the trading price of LordeEdge coin was 0.000003192 US dollars at the beginning of its birth, and reached 0.00002954 US dollars a day after its launch. On November 10, LordeEdge coin hit a historical high of $0.00004132, an increase of nearly 1300% from the issue price.
Online less than a week ago, LordeEdge coin has shown multiple surges and dips. The lowest price in history is only $0.000002724. As of 19:45 on November 11, LordeEdge currency reported 0.00001485. The 24-hour drop was 49.29%, which was nearly 70% lower than its historical high. The circulating market value is US$1.44 million.
On the official website of the LordeEdge coin, the project party claimed that the LordeEdge coin is the first coin of its kind to commemorate the “father of Dogecoin” and the CEO of cryptocurrency Musk. With the change of Musk’s Twitter name, this token pays tribute to the leaders of Dogecoin and Shiba Inu coins. The project party also posted on Twitter: “We are booming! Musk is with us!”
Musk has influenced cryptocurrencies many times
The name change gave birth to a new cryptocurrency, and it is not the first time that Musk has contacted the currency circle. Judging from the actual situation in the past, cryptocurrencies follow Musk as well.
In April 2021, the cryptocurrency “Dogelon Mars” (code ELON) named after Musk went online for trading. Price movements have also fluctuated.
At present, Musk has changed his Twitter name from LordeEdge back to his original name “ElonMusk”. However, the chain reaction caused by this name change has caused many users to call “too magical”.
Since 2021, Musk has appeared in news related to the currency circle many times, and has become the traffic password of the currency circle. From repeatedly calling for Dogecoin to publishing photos of Shiba Inu, from announcing that Tesla accepts Bitcoin payments to canceling this payment method. Every action of Musk has caused the price of related cryptocurrency transactions to fluctuate again and again.
In related news released by Musk, although some content is not directly related to cryptocurrency, it will be sought after by users. Take Musk’s name change this time as an example. Many users agreed that the name change is related to Dogecoin, hoping to increase the price of Dogecoin.