In March a Joke From Elon Musk,Is Now a Cryptocurrency
On March 25, 2021, Musk, referring to the Watergate Scandal under the Richard Nixon presidency, which eventually lead to his resignation, said that if there was ever a scandal about him, "please call it Elongate."
Now just about three weeks later, Elongate is in the market. What began as a joke has now become a community of over 100,000 holders, Elongate says, adding they are "determined to wield the power and capital of memes and Internet culture to change the face of charitable giving."
One tweet from tech billionaire Elon Musk can set the ball rolling for new ventures, lead to the gain or fall of stocks, and sometimes even prove to be prophetic. Some of his recent tweets about cryptocurrencies, especially Bitcoin and Dogecoin, are cases in point. And now that we are speaking of cryptocurrency, there's a new entrant, ‘Elongate', in the market. It must be underlined that Musk has no association whatsoever with Elongate except for one - that it draws its name from a Musk joke. The digital currency, too, mentions on its home page: "Elongate has no affiliation with Elon Musk."