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Elon Musk Continues to Profit: “Meme Coin” Sharing Brings a 730x Rise! Billionaire #ElonMusk caused some altcoins to rise 73,000% with a single social media post #ElonMusk , who somehow influences the cryptocurrency market with every step he takes, did not remain idle again. When the billionaire included a small play on words in his post on November 23, market speculators took this as an opportunity and created new altcoins. Musk said the following in the post in question: Met a meta metameme? While the tokens named "metameme", which were released after Musk's post, rose in a short time, one of them created surprise with an increase of 73,428%. This altcoin, which was launched on the #Ethereum network and traded on Uniswap (UNI), reached the 0.000003764 band in a short time from its launch price of 0.000000003833. The project, which fell as quickly as it rose, is traded at $0.000001452. Although there were increases in a number of altcoins launched on different networks with similar names, they all generally remained in the 100-300% range and could not make as much profit as this project on Uniswap. None of these projects have audit approval and appear to be very weak in terms of liquidity. #Musk ignited similar rises with another post he made recently. $BTC $ETH

Elon Musk Continues to Profit: “Meme Coin” Sharing Brings a 730x Rise!

Billionaire #ElonMusk caused some altcoins to rise 73,000% with a single social media post

#ElonMusk , who somehow influences the cryptocurrency market with every step he takes, did not remain idle again. When the billionaire included a small play on words in his post on November 23, market speculators took this as an opportunity and created new altcoins. Musk said the following in the post in question:

Met a meta metameme?

While the tokens named "metameme", which were released after Musk's post, rose in a short time, one of them created surprise with an increase of 73,428%.

This altcoin, which was launched on the #Ethereum network and traded on Uniswap (UNI), reached the 0.000003764 band in a short time from its launch price of 0.000000003833. The project, which fell as quickly as it rose, is traded at $0.000001452.

Although there were increases in a number of altcoins launched on different networks with similar names, they all generally remained in the 100-300% range and could not make as much profit as this project on Uniswap.

None of these projects have audit approval and appear to be very weak in terms of liquidity. #Musk ignited similar rises with another post he made recently.

$BTC $ETH

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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XRP, Solana (SOL), Cardano (ADA), Ethereum (ETH)… Famous Bitcoin Supporter Rang the Alarm Bell for Altcoins! Michael Saylor, founder and president of US-based software company MicroStrategy, once again emphasized his belief that Bitcoin (BTC) is the most important cryptocurrency in the market. Saylor, known for his vocal support for Bitcoin, issued a warning to cryptocurrency investors reminiscent of the legendary scene in "Indiana Jones and the Last Crusade" and invited them to "choose wisely" when evaluating investment options other than BTC. A Bitcoin maximalist, Saylor has been a supporter of MicroStrategy's regular BTC purchases for the past four years and continues to defend the largest cryptocurrency as on day one. Although he has refrained from openly criticizing altcoins like some other prominent names, Saylor recently announced that some altcoins, including #XRP , #Solana (SOL), #Cardano (ADA), and #Ethereum (ETH), have been declared unregistered by the U.S. Securities and Exchange Commission (SEC). He expressed the opinion that it could be classified as securities. MicroStrategy CEO believes that all altcoins may soon be officially designated as securities. For him, this reinforces his belief that Bitcoin is the only cryptocurrency launched for long-term success. Bitcoin is currently the only cryptocurrency classified as a commodity by both the #SEC and the US Commodity Futures Trading Commission (CFTC), giving it a unique regulatory status. Although altcoin king Ethereum also shares this status, recent statements by SEC Chairman Gary Gensler have raised doubts about its classification. As a matter of fact, regulatory pressure on altcoins and cryptocurrency exchanges in the USA has increased in recent years, leading to increased scrutiny. $SOL $ETH $ADA
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Reasons Solana Suffered Significantly from FTX's Decline, According to UBS. | Swiss bank UBS recommends caution with digital currencies, highlighting concerns arising from both general economic conditions and specific problems in the digital currency sector. UBS analysts note that coercive actions by central banks to curb inflation by raising interest rates have significantly reduced growth prospects and appetite for investment, which is having a significant impact on areas such as digital currencies that are strongly linked to volatile technology stocks. They also observed a "significant increase in the synchronization of Bitcoin's price movements with these stocks throughout the year." The report highlights the turmoil in the digital currency market caused by certain events, including the failure of the Terra Luna digital currency, which started a series of bankruptcies in the industry. This wave of bankruptcies engulfed major platforms such as Celsius and investment funds such as Three Arrows Capital. Additionally, in November 2022, the collapse of FTX, previously the second largest digital currency exchange in the world, and its associated trading company Alameda occurred. “FTX's bankruptcy was particularly damaging due to its broad reach in the digital currency network and its previous involvement in supporting other distressed companies,” the report also states. The collapse of FTX and Alameda not only affected their own operations, but also had a negative impact on their associated businesses and investment entities, including Genesis' $175 million financial exposure. The UBS research paper also examines the sharp decline that followed the collapse of FTX, focusing specifically on the negative effects on Solana (SOL) and the entire venture capital landscape. According to the report, "Through Alameda, Bankman-Fried has made direct investments in a number of digital currency projects, including Solana. In early November, Alameda disclosed that SOL was valued at over US$1 billion, accounting for an estimated 10% of the total market capitalization ." $SOL
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