Post
Topic
Board Altcoin Discussion
Re: Elon Musk accidentally created a new cryptocurrency. WTF?
by
merekamo
on 14/06/2023, 13:41:17 UTC
If Elon Musk's tweets and announcements did have a significant impact on the cryptocurrency market, as seen with the recent increase in the value of the Shiba Inu and the creation of the Floki token. Then, it may not be a deliberate attempt to manipulate the market, the impact of his statement is undeniable. For an eco-friendly project, it's hard to say at this point. For Chia's case, the environmental impact was not as positive as expected. In there are other green projects on the market, such as Crypton, which only require internet access and a PC to mine. It remains to be seen whether the excitement around Floki and similar projects will translate into sustainable long-term growth or if it's just a temporary hype, as was the case with Chia.