The two cryptocurrencies have conspicuous links to the Tesla and SpaceX boss. Both Dogecoin and EverGrow Coin shot up 20% at price just hours after Twitter accepted Elon Musk's $44 billion offer on April 25.
The huge increase in the price of EverGrow Coin comes alongside the launch of its highly anticipated NFT marketplace.
The EverGrow Coin official Twitter announced a collection of 15,000 unique NFTs would be among the first to launch on the LunaSky marketplace. Included in the unique collection are Tesla and SpaceX editions, in a nod at the project's links to Elon Musk who has engaged with the project on social media.
In true EverGrow Coin style, all profits from the NFT sales on LunaSky will go 100% towards buyback and burn. This mechanism sees the EverGrow Coin team buying up EGC tokens from the market and removing them permanently from the supply. To date, the project has burned over 52.8% of its initial supply and is expected to burn 0.5% of its supply every month for the rest of 2022.
EverGrow Coin is currently trading at $0.000000632 on the DigiFinex crypto exchange. This price of EverGrow Coin is at a monthly high and is expected to the moon in the aftermath of Elon Musk's successful Twitter takeover bid.
The price of Dogecoin has for over a year shown strong correlations with Tweets and news from Elon Musk. The Tesla CEO famously called it his 'fav' cryptocurrency last year, while the Dogecoin all-time high price of $0.7376 famously occurred as Elon Musk hosted a Saturday Night Live show in May last year.
In February Elon Musk revealed Dogecoin could be used to charge an electric car at the Santa Monica supercharging station. Previously this month Musk hinted that Doge could become a crypto means of payment on the Twitter platform.
No surprises as the Dogecoin price showed signs of a breakout, growing 21% within hours after Twitter announced they accepted the $44 billion bid from Elon Musk.
The Dogecoin price is currently trading at $0.1588 – though it put in a daily high of $0.1673 in the aftermath of Twitter's news.
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