ELON MUSK'S BORED APE TWITTER PROFILE,WHAT DOES IT MEAN
I cant say I am surprised seeing Elon musk's using bored ape as his Twitter profile because he just bought it and has every right to do it,at the same time I am surprised because I never thought of using bored ape as his profile twitter.i haven't have the time to actually go on Twitter to see what's going on there but they said in every rumour,there is always an element of truth.so for this to be circulating around then there could be some tendency that the rumour is true.
Well for him using bored ape as his Twitter profile is something to show that non fungible token has carved a nich for itself in the crypto world.its no doubt that a people are getting involved in both NFTS and cryptos on daily basis. three days ago when elon musk uploaded a club yatch collage as his Twitter profile,there was a rise in the ape stock coin.
Some weeks ago he announced the acquisition of Twitter for $44billion which actually caught everybody by surprise.he talked about making changes in some aspects of Twitter especially on free speech and also implementing crypto features.so for Elon musk to be on track with bored ape shouldn't be a surprise because I think it's step and a symbol to the features that he said he is bringing to Twitter.cant really tell though.
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The entertainment industry are becoming a big fan of NFTs.in recent times we see big names such a snoop dog,Justin Bieber and many more big artist getting involved in NFTs most especially the club yatch bored ape NFTs.their involvement has actually caused a surge in the price of bored ape.bored ape are argueably the most expensive NFTs the cheapest you can't get is not less $350,000.thats a huge amount.Ape coin has actually made name for itself and more reason why people are getting more involved in it.
In as much as Elon changed his Twitter profile to that of BAYC which I am not sure of ,it could be a strategy to pump up the price and at the same time act as a dump.he might have some BAYC in his No, but I don't think he would be that dump to tanish his reputation by using BAYC as his Twitter profile.