A recent study indicates that Twitter bots, which promote cryptocurrencies, might have a more significant impact on artificially boosting altcoin prices than previously known.
Just under an hour ago, billionaire tech mogul Elon Musk, the owner of X app (previously called Twitter), published a message indicating that there is something remarkable on the horizon.
Elon Musk's rebranding of Twitter to X.com caused a surge in popularity for the previously unknown altcoin X token. However, it has no affiliation with the rebranded Twitter or X.com.
Since 2021, Elon Musk's snide tweets and media statements have caused huge price swings for Dogecoin (DOGE). Now, the question is whether his influence on the DOGE price is diminishing.
A representative from Twitter's legal team has accused Meta of engaging in "systemic, willful, and unlawful misappropriation" of trade secrets and intellectual property.