Billionaire Elon Musk became famous as a visionary in companies SpaceX, Tesla whether Neuralinkbut also as a promoter of several different strange cryptocurrencies, led by Dogecoin, which he is said to have fallen in love with.
It seems that the effort to stir up passion in the cryptocurrency community has once again started to fail him after a while, as this week he once again took care of a significant price pump for a completely unknown token.
This time it was tokens Milady (LADYS)which are said to only “pay homage” artist Charlotte Fang and her NFT collection Milady NFTwhich was created already in 2021. In other words, it is just a token that bears the same or a similar name and has nothing to do with Charlotte Fang and her NFT collection.
However, this was enough for Elon Musk to help this token grow as well. When he tweeted about Charlotte Fang’s aforementioned NFT collection, the value of the eponymous Milady (LADYS) token on a value of more than 5250 %!
— Elon Musk (@elonmusk) May 10, 2023
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The creators of the Milady token (LADYS) subsequently pointed out, to be sure, that they have nothing to do with Charlotte Fang or Elon Musk, and that this token only “it simply pays homage to the NFT collection we all love and appreciate.”
So it seems they were just lucky to create a token with the same name at the right time? Who knows…
“LADYS is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or plan. The coin is completely useless and just for entertainment purposes.” said the creators of the LADYS token “warning”, which 99% copies the text that also appeared in the PEPE token meme, which also experienced significant growth in recent weeks just because it was one of the first BRC-20 tokens on Bitcoin.
As for the Ladys token, it was only available on Uniswap decentralized exchange until earlier this week. Its popularity skyrocketed after several major cryptocurrency exchanges listed it. For example, the stock market Bybit she offered LADYS prize pooly to stimulate deposits.
Everything is gambling and speculation
It is clear from the above that what is currently happening in the cryptocurrency market can be characterized as a new wave of madness consisting in the search for treasures in the form of low-capitalization cryptocurrencies with zero intrinsic value, but with the potential for rapid growth if “luck” plays their cards. When investing in cryptocurrencies such as PEPE or LADYS, some people can become significantly richer, but those who do not jump on the train in time will lose practically the entire investment.
Source: Twitter, Author, Cointelegraph
2023-05-14 05:13:33
#cryptocurrency #owes #Elon #Musk #tweet
