The Grok (GROK) token, which is unofficially associated with Elon Musk’s AI service, increased in price by more than 1,000% in the first week after its launch on November 7, 2023. The token’s market capitalization reached $160 million in just eight days. 

The current price of Elon Musk (MUSK) is $0.00000787. The all-time high for Elon Musk is $0.000985.

In its first 24 hours of trading, the latest memecoin focused on Musk saw $9 million of trading volume. A popular cryptocurrency named after Elon Musk’s new artificial intelligence project, “Grok,” enjoyed price gains of more than 1,000% in the days immediately following its November 7, 2023 launch.

Elon Musk has also been involved with other cryptocurrencies: 

• Floki Inu: This meme coin was named after Musk’s Shiba Inu, Floki. The coin was founded by a group of crypto influencers. The FLOKI token powers Valhalla, the platform’s NFT metaverse game. 
• Ethereum: Musk tweeted “Ethereum” in April 2019, which increased investor interest. 
• Dogecoin: Musk has been a vocal supporter of Dogecoin. He tweeted that he would put a “literal Dogecoin on the literal moon”. He also added the dogecoin Ð symbol to his X account. 
• Stablecoin: PayPal, which was founded by Musk, launched a stablecoin.

What is Elon crypto coin?

ELON is an ERC-20 token on Ethereum, one of the most prominent blockchains and go-tos for many decentralised applications (dapps).

Which coin is launched by Elon Musk?

PayPal, founded by Elon Musk, launches stabelcoin; becomes first fintech major to incorporate digital currency – BusinessToday.

Pseudonymous crypto analyst, Captain Faibik, believes that Dogecoin (CRYPTO: DOGE) — Tesla CEO Elon Musk’s favorite digital coin — is currently consolidating within a triangle pattern and suggests that now may be the opportune time for long-term investors to enter the market

Disclaimer: The blog is only for knowledge purposes, no investment advice is there always consult a financial advisor before investing

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