Who Owns Ratcoin?

5 months ago
2 mins 38 secs

Do you know who owns Ratcoin? Ratcoin is a relatively new cryptocurrency to the market, and transactions are handled and recorded using decentralized blockchain technology. According to its official website, the initiative aims to build an entertaining currency like Dogecoin. Indeed, its massive success has led many people to ask and debate who owns Ratcoin.

The management of this speedily growing cryptocurrency is yet to announce who owns Ratcoin, and the owner hasn’t revealed himself. A prominent Twitter rumor suggested Elon Musk, the CEO of Tesla, was the owner. However, it is entirely false as there are no legal proofs. According to the coin’s developers, Elon Musk didn’t partake in the invention or development of RatCoin.

With such intense rumors on Twitter, the company surfaced with a tweet that ironed out the issue for good. There are facts around the internet standing for the notion that Elon Musk owns Ratcoin. Keep reading to get more information on the owner of Ratcoin and what the rumors say. 

What is Ratcoin? 

Ratcoin is one of the newest cryptocurrencies to appear on the market. It uses decentralized blockchain technology to handle and record its transactions. According to the project’s official website, the goal is to create an entertaining coin that catches fun while investing. 

Ratcoin, like Dogecoin, appears to be nothing more than a meme coin to pique people’s interest in the cryptocurrency space. RatCoin’s ticker is RAT, and its block time is about 3 minutes. The creators of RatCoin estimate that the cryptocurrency’s maximum supply is over 9 billion units. Hence, it is one of the most significant coins in the world.

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Recently, the price of Ratcoin has dropped significantly, and the token is not worth anywhere up to a dollar. The price of RATCOIN is now $0.000043, down -4.22 percent in the last 24 hours. On September 12, 2021, the price of RATCOIN reached an all-time high of $2.25.

Who Owns Ratcoin?

There was a big Twitter rumor concerning who owned RatCoin during its initial release on February 18, 2021. Many people thought Elon Musk, the CEO of Tesla, to be the owner of RatCoin. Indeed, many ideas back up the theory that Elon Musk began Ratcoin.

For one thing, Musk is no stranger to the financial and cryptocurrency realms. Gamestop, Bitcoin, Dogecoin, and even Tesla, his own publicly-traded company, have all seen their stock prices influenced by him. Musk’s substantial social media following is responsible for a significant part of this effect. Elon Musk has a good Twitter following, with just over 47 million followers actively interacting with him.

However, the management of Ratcoin has openly denied the claim that Elon Musk is in charge of Ratcoin. In a tweet, they clarified that Ratcoin is unrelated to Elon Musk, the Tesla CEO and SpaceX chief engineer. The tweet read: “everyone… WE WISH ELON MUSK CREATED AND OWNED RATCOIN…But he doesn’t…yet.”

Hence, no one can say anyone is the owner of Ratcoin for now.

Conclusion

There are still many articles online referring to Elon as the founder of Ratcoin, especially with his interest in cryptocurrency. Nevertheless, keep in mind that no one knows who owns Ratcoin, at least for the meantime.

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