As a seasoned cryptocurrency analyst with years of experience observing the digital asset market, I find it fascinating to witness the significant impact Elon Musk’s social media presence can have on various projects in the crypto space. In this instance, Musk’s recent tweet about non-playable coin (NPC) has led to a remarkable surge in its price and trading volume.
In a surprising turn of events, Elon Musk’s apparently harmless tweet appeared to significantly boost the value of the obscure non-playable digital token (NPC), causing its price to surge by over 32%.
On July 20th, Musk shared a video by renowned reporter and social media influencer Mario Nawfal on his Twitter account identified as X. In this clip, Nawfal delves into the unique aspects of NPC, differentiating it from other meme currencies during their conversation.
— Elon Musk (@elonmusk) July 20, 2024
NPC analysis
As a crypto investor, I’ve witnessed firsthand the significant effect that recent post had on the market. The price of NPC surged by an astounding 32.1% at the time of this writing. Its market capitalization swelled impressively to reach an impressive $195 million within hours.
The nudge in prices led to noticeable gains for NPC within various timeframes. Specifically, the current price represents a substantial 67% rise over the past week and a 21% advance over two weeks. Nevertheless, it remains approximately 20% short of its historic peak at $0.03003, attained on June 23.
The NPC‘s impressive showing today has significantly surpassed the 11% growth rate of the overall cryptocurrency market as indicated by CoinGecko.
Additionally, it outperforms other cryptocurrencies operating on the Ethereum network with a total enhancement of approximately 12% in value.
An NPC token represents a fusion of NFT and meme culture, drawing inspiration from the popular non-playable character internet meme. This digital asset can be transacted as either a unique non-fungible token or a meme-based cryptocurrency. Every NPC token comes with an underlying NFT of its corresponding meme for added value and authenticity.
As a crypto investor, I can tell you that the Non-Fungible Coin (NPC) is accessible on two different platforms: Ethereum’s decentralized exchange, Uniswap, and Coinbase’s layer-2 network, Base. The total number of NPC tokens in existence amounts to 8,050,126,520 units, with all of them being in circulation since the coin’s launch.
The increase in price was mirrored by a substantial rise in the coin’s trading volume over the past 24 hours, reaching a total of $7,464,829, an uptick of 55%.
Read More
- BODEN PREDICTION. BODEN cryptocurrency
- GHST PREDICTION. GHST cryptocurrency
- BETA PREDICTION. BETA cryptocurrency
- STRD PREDICTION. STRD cryptocurrency
- Mango Markets Exploiter Found Guilty Of Fraud And Manipulation
- GBP EUR PREDICTION
- MATIC PREDICTION. MATIC cryptocurrency
- LOOKS PREDICTION. LOOKS cryptocurrency
- BRN/USD
- TNSR PREDICTION. TNSR cryptocurrency
2024-07-20 21:20