Elon Musk, CEO of Tesla and SpaceX, has been talking up the meme coin for years. He has even hinted at using it as payment for Twitter Blue, a subscription-based version of the site. Tesla, in addition, has started accepting Doge as payment for its online merchandise store. Musk has also tweeted about working with the creators of Dogecoin.
However, many doubt the coin’s value. In order to become a useful store of wealth, a currency needs to hold value over the long term. Its run-up appears to be speculative, with value only being derived from the belief of others that it will eventually be valuable.
While it’s still a relatively young crypto, Cardano is already attracting attention for several reasons. The first is its ambitious future plans. The company plans to go beyond the control and settlement layers to develop a unified system for trusted computation. Some of its most notable projects include identity management and a credit system. The company has also developed a universal cryptocurrency wallet called the Daedalus. Its platform also offers a range of cryptocurrency trading capabilities, including crypto to fiat conversions.
Another reason Cardano is trending on Twitter is that its price is rising. The cryptocurrency recently reached an all-time high, a number that has triggered an uptick in Twitter mentions. The cryptocurrency’s creator Charles Hoskinson announced that the ADA currency would be listed on the Bitpoint exchange in Japan. This news has helped the cryptocurrency gain a foothold in the Japanese market.
The Shiba Inu cryptocurrency is one of the most discussed cryptocurrencies on Twitter, according to a report. It’s in the top 20 spot compared to the other top cryptos for the last 24 hours. According to the report, the currency gained popularity after its recent announcement of a partnership with Ferrari’s Formula 1 racing team. The Shiba Inu is also in the top 20 because of the retail trading frenzy and its supporter community. Shiba Inu is currently undergoing a massive price rally fueled by reports that Robinhood will be adding it to its crypto trading platform next month.
This growth in popularity has led to Shiba Inu becoming the most mentioned crypto on Twitter. It has outperformed other major cryptocurrencies like Bitcoin and Ethereum in the past month. Its popularity has risen so high that it’s now more popular than DOGE, Ethereum, and Dogecoin combined.
WAX is the most talked-about cryptocurrency on Twitter, according to CoinTrendz. The WAX project is a blockchain that is built to make transactions faster and safer. The founders of WAX are William Quigley and Jonathan Yantis. The project is already widely used and has recently received a listing on Binance exchange.
WAX is also mentioned by many influential individuals in the crypto space. Many of the most popular individuals in the industry include Taylor Monahan, a college dropout who founded MEW (myetherwallet). Others include Ari Rubin, a computer scientist and the creator of the term “smart contract.” Rubin also writes on a personal blog.
The crypto community is taking notice of the Tamadoge coin. Twitter user @tamadoge said that the coin was among the top four trending crypto projects, and CoinGecko ranked it as one of the top 10 daily gainers. The increase in the lead crypto bitcoin pales in comparison to the increase in TAMA. Earlier on 4 October, bitcoin was at $19,952, while Ethereum was at $1,348. Cardano was also up by 2.14%.
The newest cryptocurrency project has made waves in the crypto community with its unique blend of memes and blockchain gaming. This platform allows people to create virtual pets, engage in combat, and earn TAMA tokens as a reward for their winnings.