After Tesla CEO Elon Musk tweeted about Uranus orbiting the Sun every 84 years, the value of a small cryptocurrency of the same name suddenly increased by 50%.
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The Uranus (URAC) token, which can only be traded on Bittrex and Bilaxy, also saw a 75% increase in trading volume.
The token currently has a fully diluted market cap of around $6 million.
Musk’s Uranus tweet was liked by about 165 thousand people and became popular.
Although Elon Musk’s tweets have previously raised the price of cryptos such as Bitcoin (BTC), Dogecoin (DOGE) and CumRocket, sometimes random tweets can also increase the value of cryptocurrencies.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.