Elon musk had recently confirmed that he'd never start a token. This resulted in the downfall of multiple cryptocurrencies.

Imagine if elon musk had decided to make his own token? Would It be able to overtake Bitcoin? Few experts believe so.

The above news hits a sadenning point for some as it had just shot the price of a ripoff token named "X" down into the big red...

At a hundred million dollar marketcap peak, it was cruising the high waves, making headlines on major news networks.

It's now at a measly 7 million dollar marketcap after it were confirmed that the developer of the token had sold his share (13%) - which is 13 million dollars, this was absorbed with the news of Elon Musk stating that he'd never create a token.

This was when the token was at a price of 0.000041. It's peak was at 0.000043 which is quite interesting. It means that the developer got a full bag of cold hard cash. Everyone bought into the token, causing for it skyrocket a bit higher even after the massive sell pressure the sell order had created.

The token likely could've seen a high of 0.00005 or 0.00006 if the dev hadn't sold out, and some people were relying on it becoming the next PePe. They're now living life...as millionaires. Wish it were me :( A ton of people made money on the project, some noteable twitter users 10x'ed, some 5x'ed, cashed out, and went off of twitter to go live life.

Now we've got to look out for the next 10x as CBDCs begin to roll out with apple planning to integrate NFTs and crypto into their appstore, which seems extremely impractical as nobody pays for crypto and nfts with real life currency through the appstore unless they're completely new to crypto. Cryptos been around for decades so it's fair to say that the majority of users buying NFTs and shitcoins are not going to be using real life currency to do so. 

I'm sure a trillion dollar company would know more than me though.

Regardless, that's all for today. 

Cheers!