X-inspired coins being pumped amid Elon Musk’s steps to revamp Twitter

Following the rebranding of Twitter CEO Elon Musk to X, numerous cryptocurrency projects, including AI-X, X-Coin, and X token, have seen large pumps and dumps. This emphasises the significance of conducting careful study and exercising due diligence before investing in a cryptocurrency. Market share has been controlled by X currencies, and some tokens have seen notable increases. To avoid falling for scams, pumps, and dumps, however, pessimists and optimists must exercise caution.

Some experts attribute the emergence of these bogus coins to the dormancy in Bitcoin (BTC) and Ethereum prices, which were stuck within range for some time. The low volatility left traders and investors susceptible to promising alternatives offering more volatility.

Low market cap projects were doing well during Bitcoin’s muted moment, leaving investors vulnerable to enticement. It is essential to note that the crypto arena is full of bad actors willing to take advantage of unsuspecting investors. Thorough research is key while maintaining cognizance of the highly volatile nature of crypto.