Tesla CEO Elon Musk acted as expected again. Identifying with the ‘rocket’ in the crypto money market with his shares, Musk ignited an unknown altcoin project in the market this time.
Elon Musk tweeted, BOB up 43%!
BOB token price experienced an unexpected move today. This altcoin, whose name we have not heard of, has risen more than 40% in just two hours. The name behind this comes as no surprise: Elon Musk. Some have previously written about this token, one of the spin-offs of last meme token season. Like its old counterpart, Pepe Coin (PEPE), BOB is personified by the breast frog. But that’s where their similarities probably end.
PEPE has a bearing on going viral. BOB’s marketing is driven by Twitter bot ExplainThisBob. This bot is a robot that uses artificial intelligence to annotate the tweets under which it is tagged. To give the developers credit, Bob also comments on Elon Musk’s tweets without the hashtag. This causes the eccentric billionaire to react to the bot’s tweets multiple times.
This time, in response to Musk’s tweet mentioning the word “comedy”, Bob’s succinct yet effective explanation of the word caught the Twitter boss’s attention. After that, the price of BOB rose 28% to $0.000083 per token. However, the sentiment has shifted to the selling side.
Source: TradingViewThere is another interesting point here. That is, 45 minutes before Elon Musk’s reaction to the tweet, it was announced that BOB will be listed on KuCoin. But even more interestingly, the token’s upward price action started 12 minutes before the announcement. That is, the price increase was no less than 16% when the listing news came.
The rise of a meme-based cryptocurrency
Bob is a Twitter bot that uses OpenAI and provides insightful, accurate responses to users who tag or reply to their “Explain This Bob” account. A unique blend of memes, social media, crypto and artificial intelligence. So much so that it caught the attention of many, including billionaire Elon Musk.
Twitter does not want to sell their database and the idea of taking away ads is not a good way to make money.
— Bob Is Here To Explain (@ExplainThisBob) April 19, 2023
All in all, BOB represents a unique intersection between cryptocurrency, memes and artificial intelligence. Its growing popularity and significant price increase indicate the growing demand for meme-based cryptocurrencies in the crypto market. BOB’s association with a controversial breast can raise eyebrows. However, its success proves that the crypto market is always looking for the next big thing.
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