CULT cryptocurrency has risen sharply by 80% thanks to Elon Musk’s tweet

The famous billionaire Elon Musk has once again provoked a rise in the cryptocurrency rate. However, this time it is not Dogecoin (DOGE) but Cult DAO (CULT). Thanks to a single tweet from the entrepreneur, the digital asset grew by 78.1% in just a few hours.

At 7 a.m. Kyiv time, Elon Musk posted a two-word tweet: «Cult/Culture». Most likely, the billionaire was not referring to the CULT token, but as is often the case, Musk’s followers took his words literally.

According to the project developers, Cult DAO’s mission is to empower and finance those who build and contribute to the decentralized future of the ecosystem. The startup’s creators assured that they are ready to finance any project that is «ready to break the chains and has an idea that can change the world.»

When the investment protocol tokens are transferred, the presence of dCULT allows users to claim the reward. The cryptocurrency is then sent directly to the DAO.

Another cryptocurrency that has recently grown significantly thanks to Elon Musk’s tweet is FLOKI. The value of the meme cryptocurrency grew by 485.2% in 30 days after the billionaire posted a photo of his pet Floki. Musk’s dog was allegedly solving social media issues. The dog’s T-shirt had the inscription «CEO» on it, the highest executive position in the company. M Thus, in February, the previously little-known token managed to outperform its main competitors Dogecoin and Shiba Inu.