The crypto market has been booming again and the increase in the number of NFTs being released is exponential. This shows that the general public has taken a liking to these DeFi systems and how they are becoming more mainstream now.
But Twitter users on Friday predicted that the Tesla mogul, Elon Musk will sell 10% of his stocks and the real shares have now tumbled. The market closed at 8 pm for the weekend and will not open till 4am on Monday.
The Tesla stock closed at $1,229 and went down till $1,133 when the trading for it began on Monday. On the other hand over the weekend the Tesla token went from $1,110 to $1,1170 in a matter of 2 days.
Although these tokens are not available in the U.S., FTX has been making waves with these tokens. These are not issued by the corporations themselves but are backed by Tesla shares that have been held by CM-equity.
As time passes crypto has seen a newfound fan base all over the world that can help them take over traditional stock markets. Many people in recent times have complained about the market manipulation by big firms and how many people get insider information before a crash happens.
With crypto and the DeFi system’s transparency, many common people are also investing heavily into these new-age cutting-edge technologies. If you have been planning to get into crypto right now is the best time to do so. As it is booming exponentially there might come a time that it might become inaccessible to the common man