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Top 3 Crypto Tokens That Caught Elon Musk’s Attention
It is well known in the blockchain industry that Tesla CEO Elon Musk is bullish on Dogecoin (DOGE), one of the leading crypto tokens leading the meme coin rally. But recently, Elon has become interested in two tokens: Grok (GROK), inspired by Musk’s Grok AI chatbot, and ETFswap (ETFS), a Bitcoin ETF token currently powering the DeFi sector. This article talks about how ETF Exchange (ETFS) has attracted the attention of the richest man in the world today.
Crypto ETF trading platform ETFSwap (ETFS) catches the attention of Elon Musk
ETFswap (ETFS) is a crypto ETF trading platform that uses asset tokenization and blockchain technology to create a tokenized version of Exchange-Traded Funds (ETFs). Tokenized ETFs will directly represent traditional ETFs on the blockchain, allowing traders to leverage real-time on-chain data to monitor the performance of this asset before investing.
Additionally, traders will have the opportunity to use up to 50x leverage on derivatives trading on the platform; However, leverage can be dangerous, especially if used in excess, as any slight market volatility can result in complete liquidation of the trading position.
Furthermore, compared to traditional ETFs, tokenized ETFs will be convertible into cryptographic tokens and vice versa, but the conversion can only be carried out with ETFS, which is the native token of the platform. ETFS crypto tokens will unlock access to all network features and power the ecosystem; furthermore, it will provide yield to holders through staking, as the platform boasts an Annual Percentage Rate (APR) of over 87%.
Undoubtedly its unique ecosystem and the innovative idea of tokenizing ETFs are part of the reasons that pushed Elon Musk to participate in the project, but there is more. ETFswap (ETFS) also promises investors an automatic return on their investments in the ongoing presale. Currently, everyone can buy the tokens at the low price of $0.01831, but soon the price of the tokens will increase to $0.03846resulting in profit for everyone who buys it now.
Dogecoin (DOGE): Elon Musk’s favorite among crypto tokens
Dogecoin (DOGE) was created in 2013 by Billy Markus and Jackson Palmer as a joke payment system. However, over time, it has evolved into a key player in the DeFi sector, developing several use cases that have increased its intrinsic value.
However, the support of Tesla and SpaceX CEO Elon Musk was among the major factors that gave the meme coin its backbone. Moss with courage tweeted on the token on Twitter (renamed X) in 2021. But Musk didn’t stop there; in May 2024, its electric vehicle manufacturer Tesla officially listed Dogecoin (DOGE) as one of the payment options accepted for purchasing selected merchandise.
Furthermore, in March of the same year, Musk made it clear that Dogecoin (DOGE) I could be used to purchase its electric vehicles in the future. Currently, Dogecoin (DOGE) is trading at $0.149 and ranks 9th in the cryptocurrency market according to Coingecko.
Grok (GROK), an AI-inspired meme coin
Grok (GROK) is a meme coin not officially affiliated with Elon Musk but was inspired by Grok AI, an artificial intelligence service on the social media platform X (formerly Twitter) founded by Musk.
Due to his indirect affiliation with Tesla CEO Grok (GROK) increased to $160 million in market capitalization just eight days after launch, and in a week-long rally, the meme coin’s value skyrocketed by 13,000%.
However, Grok (GROK) failed to maintain its bullish momentum but plummeted more than 70% after on-chain investigator ZachXBT presumed meme coin was a resurrected scam project. Currently, Grok (GROK) is trading at $0.012 and ranks 517th in the cryptocurrency market according to Coinmarketcap.
Conclusion on ETFSwap tops Elon Musk’s favorite crypto tokens
Dogecoin (DOGE) has long been a favorite of Elon Musk, but now ETFswap (ETFS) is also the focus of his attention. With Elon Musk’s support, experts speculate that ETFswap (ETFS) will soon rise to $3, suggesting a 20,000% increase and a 200x return for all early investors.
While this may seem like a gamble, Elon’s support for Dogecoin (DOGE) has helped it rise from just a penny to nearly $1 during the 2021 bull run, so don’t miss it! Buy ETFS today to ensure you can enjoy an exceptional return on your investment.