The value of the AquaGoat cryptocurrency rose 500% in less than 24 hours after the Facebook CEO posted a photo of his two goats.
Figures from CoinMarketCap shows that in the past 24 hours, the value of AquaGoat increased by more than 500%, trading volume increased by more than 3,300%, to 12.5 million USD.
AquaGoat’s transaction value and volume suddenly increased sharply after Facebook CEO Mark Zuckerberg posted a picture of two goats raised on his own farm with the content “My goats: Max and Bitcoin”. Internet users claim that Max and Bitcoin are Zuckerberg’s two goats, implying that the Facebook co-founder is also interested in Bitcoin and the crypto market. AquaGoat’s value soared after Mark Zuckerberg’s two goats. Photo: CoinMarketCap. AquaGoat was launched by an Australian programmer on April 7 and appeared on CoinMarketCap from April 21. This is a decentralized token on the Binance exchange that emphasizes transparency and community contribution. According to AquaGoat’s website, transactions will be partly deducted and donated to organizations that conserve marine life and clean the ocean. AquaGoat’s Twitter page also repeatedly mentioned Mark Zuckerberg, referring to the image of his two goats contributing to the price increase of more than 500%. This is not the first time cryptocurrencies “animals” have increased in value thanks to technology billionaires. Recently, the crypto value Dogecoin with the image of Shiba dog has continuously fluctuated after the posts of billionaire Elon Musk. On April 17, a post with the content “Doge barking at the moon” of the billionaire made the Dogecoin price more than doubled. Earlier in February, the coin also appreciated more than 50% after Musk’s survey of the future currency in the world. Zuckerberg’s post shared the names of two goats, Max and Bitcoin. Screenshots. On May 8, Musk uploaded a photo of Musk’s personal announcement to join the program on Twitter Saturday Night Live , insert the Shiba dog image, the Dogecoin symbol in the frame. Soon after, the Dogecoin price surged and reached a historic high of $ 0.72. However, before the time Elon Musk aired the program, the price of Dogecoin fell sharply. On May 10, Musk’s aerospace company SpaceX announced a mission called “DOGE-1 Mission to the Moon”. This is a delivery program to the Moon in which SpaceX accepts payments in Dogecoin. While attracting attention, crypto experts recommend that Dogecoin, or “animal” currencies, have many drawbacks compared to other decentralized assets like Bitcoin. Therefore, investors should be cautious before deciding to enter the market. The high cost of Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity needed for mining has increased significantly. This leads experts to believe that mining cryptocurrency is not environmentally friendly.
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