Bitcoin

Elon Musk

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
A few hours ago, the owner of the X social media platform (formerly Twitter), tech billionaire <a href="https://u.today/ripple-cto-uncovers-why-he-subscribes-to-elon-musks-x-app">Elon Musk</a>, tested video game streaming on X. That tweet prompted an excited reaction of the crypto community.
It seems that Musk, without realizing it, has given a growth impulse to the Gamer cryptocurrency as a couple of its fans responded to the X boss in the comment thread. Gamer's (GMR) price jumped by nearly 7% on this.
<blockquote>
 <a href="https://twitter.com/search?q=%24GAMER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GAMER</a> family is fully supporting your initiative! All our gamers will be using streaming on X exclusively! <a href="https://t.co/OKdG9XwZgM">pic.twitter.com/OKdG9XwZgM</a>— TheS◎Lstice (@The__Solstice) <a href="https://twitter.com/The__Solstice/status/1709054382560743452?ref_src=twsrc%5Etfw">October 3, 2023</a>
</blockquote> 
<h2 lang="en-GB" xml:lang="en-GB" id="gamer-gmr-rises-on-elon-musk-s-post">Gamer (GMR) rises on Elon Musk's post</h2>
According to data published by the Gamer team on CoinMarketCap, GMR is a bridge that connects the blockchain technology with the gaming space, particularly with games Battle Leet Arena and GamerVerse. Users have a chance to collect and trade NFTs and enjoy using their Web3 social network.
The Gamer community was created by gamers who intended to create innovative Web3-based tools for letting gamers socialize within a special space and exchange their gaming knowledge and experience without the risk of having their personal data sold to the highest bidder.
<img alt="GMR" data-entity-type="file" data-entity-uuid="f1f82e43-ae15-48de-8d58-504dcf58c83a" src="https://u.today/sites/default/files/inline-images/GamerGMR.png">Source: <a href="https://coinmarketcap.com/currencies/gamer/#About">CoinMarketCap</a>
Currently, GMR is ranked 3,205th, and it is exchanging hands at $0.01017 after a more than 6% rise on Elon Musk's tweet.
Earlier this year, several times Musk mentioned particular meme coins and cryptocurrencies based on AI, helping them to gain momentum and increase in price.
<h2 lang="en-GB" xml:lang="en-GB" id="elon-musks-slams-fiat-currencies-as-scam-bitcoin-spikes">Elon Musks slams fiat currencies as scam, Bitcoin spikes</h2>
On Oct. 1, <a href="https://u.today/elon-musk-provokes-xrp-army-s-heated-reaction-with-his-new-tweet">X boss</a> and a prominent supporter of the original meme cryptocurrency Dogecoin posted a comment, calling fiat currencies a scam.
This tweet by <a href="https://www.thestreet.com/cryptocurrency/markets/elon-musk-calls-fiat-currency-scam-bitcoin-price-surges-to-monthly-high-28000">Musk immediately fueled</a> the rise of Bitcoin above the $28,000 level. As reported by Santiment, prior to this BTC rise, its analytics team spotted four major transactions, which moved a staggering amount of Bitcoin from crypto exchanges to cold wallets.
<blockquote>
 Elon Musk calls Fiat currencies a scam… 🥸 <a href="https://t.co/r9uQXAaRoX">pic.twitter.com/r9uQXAaRoX</a>— Bitcoin Archive (@BTC_Archive) <a href="https://twitter.com/BTC_Archive/status/1708854523224019123?ref_src=twsrc%5Etfw">October 2, 2023</a>
</blockquote> 
These transactions were in the range of $187 million and $346 million. They drained the Bitcoin supply on exchanges to its lowest since December 2017, when BTC surged to a historic peak of $20,000. The BTC supply on crypto trading platforms has thus gone down from 5.99% to 5.73% since Sept. 1 this year.
However, the world's leading crypto was unable to hold at the $28,500 level and went back down, shedding around $1,000 today as whales began sending large amounts of BTC, according to Whale Alert, to major crypto exchanges – Kraken, Coinbase and Binance.
At the time of this writing, Bitcoin is trading at $27,577, according to data published by CoinMarketCap.

Elon Musk's Tweet Pushes This Gamer Coin Price Up

Table of Contents

U_Today

Other articles published on Oct 3, 2023

BTC optimism sparks as exchange supply hits 6-year low

How the actor model could enable better blockchain gaming apps

A Portrait of Crypto in 2023

Arc8 | GAMEE Update Q3/23 | The Era of the Beasties

Gate.io Labs Invests in Magic Square, World’s First Crypto App Store

Immutable Price Prediction: Will IMX Crypto Crash Below $0.5?

Join our free newsletter for daily crypto updates!