According to cryptocurrency analysis platform Lookonchain, an investor who spent just $135 on September 8 to buy 3.46 million Terminus coins quickly turned his investment into a huge success. On September 21, the value of this investment reached $124.3 thousand, and today it has risen to exactly $1.2 million!
Terminus Coin Increased Value by 10,000% in the Last 15 Days
With this rapid rise, Terminus coin attracted attention by gaining 10,000 percent in the last 15 days. The market value of the coin also jumped from $3.5 million to $35 million in the last four days. This created great excitement among cryptocurrency investors.
Elon Musk's Mars Project and the Impact on Terminus Coin
Behind this sudden rise lies a connection that is thought to have been established between Elon Musk’s Mars project and Terminus coin. Musk’s project’s interest in the coin was effective in its price rising so quickly. However, experts emphasize that such sudden increases are usually short-lived and it is unclear whether they are sustainable.
The Meme Coin Phenomenon in the Crypto Market
The situation with Terminus coin is an example of the “meme coin” phenomenon that is often seen in the crypto market. These types of coins that become popular on social media and usually start as a joke or internet meme can gain great value in a short time. However, this situation carries high risks for investors.
