Elon Musk Being Pushed to Crypto Adoption By Community As X Hits Crucial ATH
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Elon Musk, a tech centibillionaire, chief executive at Tesla and the owner of the X platform (formerly known as Twitter), has addressed his multi-hundred-million-person audience on X to reveal that the one crucial metric on this app has soared to an all-time high not seen since the foundation of Twitter.
The cryptocurrency community began to nudge him, saying that it is high time to make crypto integration on X.
Yuri MolchanX traffic hits terrific ATH
Musk has made a proud announcement that his recent brainchild (converted from Twitter into X on the way to becoming the “everything app”) has reached a new all-time high in organic traffic. This metric shows the highest peak over the last 12 years, with a big gap between the previous historic peak.
According to the screenshot published by Musk, the organic traffic on X has reached a massive 3.3 billion compared to 834.2 million seen after January 2022, when the platform was still called Twitter and was focused on micro-blogging. A considerable growth of organic traffic can be seen on the screenshot starting from approximately 2023 – the year when it transitioned to Elon Musk’s management after a $44 billion takeover deal.
Community urges Musk to integrate crypto
The cryptocurrency community decided to take this opportunity to again urge Musk (who is a big Dogecoin fan) that this could be the perfect moment to integrate cryptocurrency payments on the platform.
One of those accounts was the official Kraken exchange handle, but there were many others as well.
The community believes that if Musk does decide to integrate a cryptocurrency, it will be the original meme coin, DOGE, publicly and widely supported by Musk. In the past, before the pandemic hit the world, Musk’s tweets used to have a rather big impact on Dogecoin, often pushing the price way up. In 2021, the billionaire endorsed DOGE during his debut on Saturday Night Live and also in his tweet prior to that, where Musk referred to himself as “The DogeFather.”
In May 2021, Dogecoin soared to an all-time high of $0.7376. Currently, the meme coin is changing hands at $0.1815 – that is, 75.5% below its historic price peak.
Valeria Blokhina
Godfrey Benjamin
Dan Burgin
U.Today Editorial Team
Vladislav Sopov