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Home»ETHEREUM NEWS»Crypto Twitter This Week: Twitter Payments Rumors, Donald Trump Boost Meme Coin Rise
ETHEREUM NEWS

Crypto Twitter This Week: Twitter Payments Rumors, Donald Trump Boost Meme Coin Rise

By Crypto FlexsJanuary 28, 20244 Mins Read
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Crypto Twitter This Week: Twitter Payments Rumors, Donald Trump Boost Meme Coin Rise
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Illustration by Mitchell Preffer for Decrypt

The Bitcoin Spot ETF hangover may be gone, and the tall, bubbly mugs of Ethereum Spot ETF buzz are still pouring in, leaving plenty of room for conversation, debate, and the occasional scuffle in cryptocurrency bars.

We’re probably overdue for an Elon Musk-related pump, and the eccentric tech mogul indirectly delivered on Monday when a Twitter account with a new gold checkmark popped up with its username. @XPayments. This was discovered shortly after Musk again teased that he was making “every app.”

Crypto Twitter is excited about the possibility of the X app supporting trading of Dogecoin (DOGE) and Shiba Inu (SHIB). This means two meme tokens will skyrocket. Dogecoin’s surge is its highest daily price since April 3, 2023, but still falls short of the $0.1 it achieved last year on its 10th anniversary.

Meanwhile, there have been plenty of airdrops as projects have jumped on the “free money” bandwagon, most of them offering incentives to both long-term true believers and beginners interested in cryptocurrency. But the prevalence of such token giveaways has almost set off alarm bells about potential scams.

So let me get this straight…

A project called RSIC airdropped 80% of its 21,000 supply to Bitcoin Puppets, Bitcoin Frogs, NodeMonkes, and OMB holders. We then kept 20% of the supply.

The promise is “This is Bitcoin’s first rune.”

If you’ve heard it recently… pic.twitter.com/Eu0PZbRI7D

— jake.sats (@jakegallen_) January 22, 2024

The nature of blockchain allows anyone to send tokens directly to their wallet, legally or not. At best, this means a bit of confusion for digital neat freaks. In the worst case scenario, a scam can easily be added to a collection and contain a variety of tricks and hacks to entice users into interacting with it.

** warning **

If you receive a random airdrop in your wallet, it is 100% a scam… Never click on anything you didn’t directly add to your wallet.

Always double/triple check before clicking on random links and connecting your wallet to the site.

— Johnny (@CryptoGodJohn) January 26, 2024

The irresistible claim of Palworld, better known as “Pokémon with a Gun,” has also sparked a flurry of tweets this week, with even Pokémon faithful drawing attention to its wacky cryptocurrency knockoffs.

The viewership of the Palworld stream was incredible. In fact, this is surprising as it is expected to accommodate up to 200 people.

This is a big break from Pokémon, but I’m excited to get back into it in a bit before Pokémon Day! pic.twitter.com/TuVWSSrkGv

– Reversal (@REVERSALx7) January 28, 2024

But the more general conclusion was that legal action against obvious derivative works was inevitable.

But if imitation is the sincerest compliment, the 1990s game Dragon Warrior (now Dragon Quest) will be very flattering.

Meanwhile, the revival of existing NFTs and Bitcoin ordinal NFTs is not an easy task. A new project has been drawn a wealthy benefactorWe’re getting more advanced partners and exploring more of our five senses.

Lastly, despite the legal troubles, Donald Trump continues to follow Donald Trump and has recently sparked controversy in the cryptocurrency industry with his renewed disdain for central bank digital currencies (CBDCs).

Trump now opposes CBDC.

President Trump stated at a rally that he would never allow the creation of a CBDC.

Thanks to Vivek Ramaswamy for persuading Trump about CBDC.

Let’s see if he can convince Trump about Bitcoin and cryptocurrencies in general. pic.twitter.com/37ULMYwyRw

— Lark Davis (@TheCryptoLark) January 27, 2024

And despite the former president not being able to maintain an NFT collection, Trump-inspired meme tokens $DONALD, $TRUMP, $MAGA… are full of degens. And many of them are at war with each other.

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