• Elon Musk’s tweet briefly sent Aptos (APT) prices up 15%.
• Ethereum’s Shapella upgrade pushed it to an all-time high of $2,100.
• Dogecoin (DOGE) also rose due to Musk’s bet for an emerald mine.
The „Musk Effect“ on Aptos
Elon Musk recently caused a 15% surge in the value of emerging altcoin Aptos (APT) after he tweeted three abbreviations – “AI APT OTT!” Although his intention wasn’t crypto-related, mentioning APT was enough to spark a bull run. At press time, Aptos is trading at $12.88 according to CoinGecko.
Altcoin Season on the Horizon?
The leading digital asset Bitcoin (BTC) is currently at the forefront of this ongoing bull run, but many are wondering when the altcoin season will take off. The Shapella upgrade for Ethereum (ETH) launched smoothly today and broke its all time high of $2,100 since May 2022. Following suit, Aptos and Dogecoin have also seen significant gains with respective double digits on the daily charts.
Dogefather Reclaims Key Resistance Line
Dogecoin reclaimed its key resistance line and trades at $0.09 following Elon Musk’s one million DOGE bet to find an inherited emerald mine. Many people in the crypto community refer to Musk as ‚The Dogefather‘ due to his influence over the meme coin’s price movements and adoption rate among retail investors.
Awkward BBC Interview Causes Backlash
Elon Musk received immense backlash from Crypto Twitter after an awkward interview with BBC North America reporter James Clayton whom failed to provide examples of hate speech despite calling out Twitter after its takeover by Musk. The cringe-inducing encounter further highlighted Clayton’s incompetence in preparing for the interview which ran out of questions prematurely towards the end.
All in all, recent news surrounding Elon Musk has been beneficial for both Bitcoin and altcoins alike as they continue their rapid growth during this bull run season and beyond; however caution should be taken before placing any investments based solely on his tweets or interviews as these can be quickly reversed or retracted depending on market sentiment or regulatory news flow.