From Elon Musk to Ngoc Trinh: The virtual currency fever is full of pitfalls 7
When Elon Musk went on America’s most famous TV talk show to talk about virtual currency, the crypto market witnessed an unprecedented boom.
The continuous flow of money into virtual currency has a huge impact from the billionaire who runs SpaceX and Tesla, who calls himself Dogefather (roughly translated: Godfather of Dogecoin).
Both Dogefather and Elongate have become virtual currency projects attracting thousands of investors with tens of millions of dollars pouring into these projects that are still on paper.
In just a few hours, anonymous and worthless virtual currencies such as Pig Finance, AquaGoat, Akita Inu or Pitbull suddenly skyrocketed in both value and transaction volume. But Elon Musk is not alone, the 50-year-old billionaire
This increase and decrease several times reflects exactly what happens in the virtual currency world, where small investors (called small fry) buy and sell massively based on what famous people (have)
Because of FOMO, a worthless satirical virtual currency Dogecoin has gone from zero to the fourth largest virtual currency on the market with a peak capitalization of up to 90 billion USD.
However, very soon, another emerging candidate appeared to threaten the position of Dogecoin dog, that is Shiba Inu.
Ngoc Trinh also joined the virtual currency game with a series of statuses imbued with PR colors.
Following this fever is not only the technology world, but also artistic people like Cao Thai Son.
But while Cao Thai Son has not yet revealed the amount of money invested in this market, another Vietnamese `shark` has appeared, that is Ngoc Trinh.
Deleting the latest status because it was revealed that she borrowed someone else’s account, Ngoc Trinh’s four consecutive status lines still attracted tens of thousands of likes, thousands of comments and shares.
At the same time as Ngoc Trinh, on the other side of the hemisphere, billionaire Elon Musk as usual continued to have tweets that caused a stir when he created a poll to ask if people wanted Tesla to accept payment in cash.
But once again, investors need to be careful with their own pockets and not follow the calls of famous people if they do not want to be victims of this zero-sum game.
