Musk's Twitter: 'Elon Buy Twitter' coin launched as soon as the deal is sealed, price increased by 7000% in no time

The world's richest person has taken over the control of the microblogging platform Twitter. The deal was sealed late on Monday night. While Twitter's shares climbed in the global markets regarding this deal, it has also seen a big impact in the crypto market. The special thing is that after the news of accepting Musk's offer to buy Twitter, a person launched a crypto coin named 'Elon Buy Twitter', which reached the sky in an instant.

The boom came after noon in the night

According to a report, the price of the 'Elon Buy Twitter' coin increased suddenly after the news of the sale of Twitter and within a few hours, its price jumped by 7000 percent. There was competition among crypto investors to buy this coin. The report said that as of noon on April 25, this coin was $ 0.00000003589, which had reached $ 0.0000001517 at the time of writing the news.

Dogecoin price skyrocketing

While the price of the newly launched cryptocurrency skyrocketed in a jiffy, Tesla CEO Elon Musk's favorite cryptocurrency, DodgeCoin, also skyrocketed after the completion of the deal. At the time of writing the news, Dogecoin was trading at Rs 12.62 with a gain of 20.89 percent in the crypto market. Its price has increased by Rs 2.18 in the last 24 hours.

Impact on Top 10 Cryptocurrencies

Significantly, after the news of the sale of Twitter was stamped, the price of the top-10 cryptocurrencies of the crypto market rose, while other digital currencies were also seen trading on the green mark. Talking the world's most popular cryptocurrency bitcoin, it has gained 2.77 percent or Rs 87,841 to Rs 32,54,789. On the other hand, Ethereum, the second most popular cryptocurrency, gained 3.81 percent or Rs 8,837 and its price rose to Rs 2,41,018.

Advancing from Shiba Inu to Litecoin

The price of Shiba Inu, which is included in the top-10 cryptocurrencies, has increased by 3.38 percent after this deal, while the price of Litecoin has increased by 2.02 percent. Apart from this, Polkadot is also trading on the green mark. Terra Coin saw a rise of 4.96 percent, while Ripple, Solana, and Cardano saw gains of over two percent. Tether Coin, which was included in the top-10, was such a currency, which recorded a fall of 0.64 percent.

Also Read: Elon Musk bought Twitter for $ 44 billion, appealed to users