Crypto World added a new meme member to their family. $STOPELON, a new coin-based cryptocurrency that booms as it came in this week. With a heavy boom, this new meme member coins value goes from $0.0000019 to $0.00009450 in just a single day with a 4874% jump.
- Biggest crash in the Crypto market
- The main reasons behind the new meme member($STOPELON)
- The major crypto crash that wiped billions
- The Aim Of $STOPELON
May 19th, 2021, was a shocking and hideous day for the cryptocurrency market. With a massive drop, Crypto market capital lost $560 billion in just a single day. This crash affected every cryptocurrency. From Bitcoin to Ethereum, links to Litecoin and even meme-based coins like Dogecoin and Shiba also suffered from loss.
Read more about the biggest crash in the Crypto market
The main reasons behind new meme member,
People’s Bank of China (PBOC)
PBOC (People’s Bank of China) declared that financial institutions must not accept any kind of digital currency. That’s the leading factor for this crash. And the second one is Tesla & SpaceX founder Elon musk who is famous for manipulating the crypto-market with his meme-Tweets.
The main reason behind this new($STOPELON) cryptocurrency’s born is Elon Musk. As its official document says,
“Elon Musk is infamous for irresponsibly manipulating the cryptocurrency market with his Twitter account. Just recently, he did it again, causing a massive crash across all frontiers when he tweeted that Tesla will cease to accept Bitcoin as payment. Anyone with even a shred of critical thinking sees through his lies. He has been trying to pump crypto for ages, tweeting about it to no end, and even going to Saturday Night Live as a final resort to get Dogecoin up! It’s ridiculous!
He’s toying with people’s portfolios like candy, like the narcissistic billionaire he is and always will be.
We say ENOUGH. Hence, we created $STOPELON. Where we get rich, without anyone controlling our fate except ourselves.”
At last, they added “All you have to do is BUY and HODL.”
The major crypto crash that wiped billions
Elon musk has a huge fan following and has massive powers to control the whole crypto market. He is the only reason to make famous a meme-crypto, Dogecoin. Elon Musk’s recent tweets about Tesla not accepting Bitcoin caused a major crypto crash that wiped about billions in crypto wealth and hurting the common people.
Millions of people around the world lost their crypto money in this 19th may crash. So other crypto enthusiasts who now hate him, make a community and added a new meme member to the crypto market to stop his rule in the market.
The Aim Of $STOPELON
With the aim to get full control of tesla stock and stop Elon musk, this new meme member arrives in the crypto world with a market capitalization of $30 million nearly, according to Poocoin (a chart site).
This $STOPELON Token created on the Binance blockchain platform. But as of now, it is not available on the all-Crypto exchange platforms, but investors can buy it via PancakeSwap SWAP Platform. However, the $STOPELON coin is a very new and volatile coin, so investing it may be very risky.
As it is a new coin and based on a meme, it is currently not in use for any kind of transaction and service. For example., Worldwide Thousands of companies accept payment as a bitcoin for their services.IT means you can purchase any product or service through bitcoin. not only bitcoin but there are some other cryptocurrencies such as Ethereum and Tron which you can use for payment.
For that people buy it and its price goes on high. But new meme member $stopcoin is not supporting currently any kind of services. Still, a number of people made huge profits in this cryptocurrency. But As I mentioned before that it is a new and in starting phase so the investment risk is also very high. And for crypto-enthusiasm risk is love. but Wisefully research is the mark of a great investor.
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