Elon Musk's Crypto Ambitions and the 'X Money' Leak
According to Benzinga, Elon Musk is reportedly preparing to introduce a new Bitcoin BTC/USD feature called "X Money" on his rebranded platform X, formerly known as Twitter. This development was revealed through a leak by influencer Alex Finn and MacRumors researcher Aaron Perris. The intriguing aspect of this launch is that it might proceed without needing approval from all 50 states in the US, potentially allowing creators to earn significantly more money immediately.
The introduction of 'X Money' could trigger a surge in Bitcoin prices similar to PayPal Holdings Inc.'s crypto support back in 2021. Currently, Bitcoin has seen its value touch an all-time high recently. Additionally, Musk’s influence over the cryptocurrency market remains evident; for instance, when he changed his name on X last month, causing meme coin Kekius Maximus (KEKIUS) to skyrocket before crashing again.
Pectra Upgrade Fuels Ethereum Optimism
Coinspeaker reports that Ethereum's Pectra Upgrade promises significant improvements by addressing issues like high gas fees and network congestion. As Ethereum trades at approximately $3,400 with key resistance levels ahead at $3,500 and beyond according to Alan Santana’s predictions, Ethereum may reach up to $15K between 2024-2025, largely thanks to these technical advancements within their ecosystem, which attract institutional interest while improving user experiences overall!
A notable addition includes better Layer-2 solution supports enabling faster transactions, making decentralized applications even more appealing choices among developers worldwide who seek efficiency alongside cost-effectiveness offered via such upgrades. Exciting prospects await us as we eagerly anticipate what lies ahead. Stay tuned to follow along on this journey as further developments arise!
Sources:
- Michael Saylor posts BTC tracker hints at new crypto purchase
- Elon Musk's Push For Crypto-Powered 'Everything App' Reflected In 'X Money' Leak As Bitcoin Hovers Around $100K
- Rally to 15k $ Imminent? How Pectra Upgrade Enables Bullish Ethereum Price Prediction – Ethereum News Today
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