The Milady NFT collection has seen a surge in value thanks to a tweet from none other than Twitter owner Elon Musk. In a tweet earlier in May, Musk shared a picture of a Milady avatar with the words “There is no meme, I love you” added on top. Following the tweet, the price of each NFT in the collection rose to 3.4 ether. This is not the first time that Musk has impacted the cryptocurrency world, having previously voiced his support for Dogecoin. However, experts warn against relying on celebrities to make investment decisions as their influence can be unpredictable and fickle.
Despite the increase in value of the Milady collection, investors are advised to think carefully before investing in non-fungible tokens. While NFTs are a hot topic right now, it is important to remember that investing in them can be risky as they are new and untested. It is crucial to do research and seek professional advice before investing in any cryptocurrency or NFTs.
As the world of cryptocurrency and NFTs continues to evolve, it is important for investors to stay abreast of the latest developments and trends. By keeping up with reputable sources and seeking expert advice, investors can make informed decisions and maximize their chances of success in this exciting but unpredictable market.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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