Elon Musk, founding father of Tesla and SpaceX, has mentioned his digital forex shall be referred to as MarsCoin whether it is ever launched. Following the discharge of this remark, the value of an altcoin with the identical title has skilled a pointy improve. Based on CoinMarketCap, the token MARS has gone from $0.1 to $2.5 in simply an hour.
As a part of the Twitter dialogue about Musk’s proposal to purchase among the Dogecoin cash from the “whales,” one of many customers has steered the Tesla CEO create his personal cryptocurrency ElonCoin.
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Binance CEO Changpeng Zhao proposed one other title: MarsCoin. Musk has gone for this feature, after which customers who wished to generate income discovered an altcoin with the identical title and have began shopping for MARS.
CoinMarketCap has posted a warning on the mission web page that MarsCoin will not be affiliated with Musk. On the time of writing, MARS is buying and selling at $0.43, nonetheless, its value continues to point out excessive volatility.