A Simple Guide on How to Buy $StopElon Coin
The cryptocurrency sphere is exciting; new coins are always getting launched, some of which have interesting backstories.
Since bitcoin was released, more altcoins have been launched, including Ethereum, a digital coin that runs on a smart contract blockchain.
As far as exciting coins go, there have been 2 main ones; Dogecoin, which was based on a meme, and Shiba Inu, which hopes to push DOGE out of the market. Most recently, however, the $StopElon coin was launched, and it has the entire industry in a frenzy.
What is the $StopElon coin? Where can you buy it? Is it safe for investment? Here’s all you need to know about this cryptocurrency.
In this article, we are talking about what the $StopElon coin is exactly and why (or why not) you should buy it.
Please note that so-called “meme coins” have to be handled with extra care.
What Is the $StopElon Coin?
The $StopElon coin was launched with only one aim; to diminish Tesla’s CEO’s influence in the cryptocurrency market. Like Dogecoin and Shiba Inu, this coin is a meme cryptocurrency. It wasn’t launched to accomplish any financial or investment goals but was released with meme-like goals that are rather unrealistic.
This cryptocurrency is being traded on Binance Smart Chain and has a market capitalization of around $3 million. The $StopElon coin serves no purpose other than to hate on Elon Musk after he made a series of irresponsible tweets that caused an adverse reaction in the cryptocurrency market.
Nothing binds people together more than when they have a common cause, and it seems that a lot of investors are furious at Tesla’s CEO because the $StopElon coin is being actively traded.
Features of the $StopElon Coin
Around 1000B $StopElon coins were launched. 40% of them were burned to increase their scarcity and make them deflationary, thereby raising their value. 5% of the coins were channelled to the dev wallet and a further 5% to the marketing wallet while the rest were released to the public.
Unlike most of the other coins, the $StopElon coin penalizes its sellers a 10% fee on all transactions. This move is meant to encourage investors to hold on to the coin as 2% of this fee is channeled back to them while the other 8% goes directly to liquidity.
According to their website, the $StopElon coin is built on 3 main features;
There’s a limit as to how many coins you can purchase at a time. This move is aimed at ensuring the $StopElon coin is not limited to a few investors and is also accessible by small-scale traders.
Initially, this coin was launched as the FuckElon coin, but there was a problem with the code, so they had to rug and unrug the token. Everyone received their tokens back, and the founder used FuckElon’s marketing and dev wallet to boost its market value.
3. Locked liquidity pool:
The $StopElon coin’s liquidity pool is closed for 48 days.
Why Do Cryptocurrency Investors Want to $StopElon Musk?
Elon Musk has garnered a reputation for manipulating the cryptocurrency market irresponsibly, most often with his tweets. These actions have consistently frustrated investors, which is why this coin has garnered massive hype.
His most recent comments crashed Dogecoin and plunged Bitcoin’s price by a whopping 15%. A while back, Musk was very vocal about the two coins and was responsible for a significant part of their price increase. In fact, he was the one who initiated Tesla’s policy to accept Bitcoin as a mode of payment for their cars, drastically increasing the coin’s value.
Musk, unfortunately, went back on his words and declared that Tesla would no longer be accepting bitcoin causing mayhem in the crypto market. Millions of traders made losses after these comments, after which a group of crypto enthusiasts launched the crypto coin.
Elon Musk is no stranger to the cryptocurrency market. He has a reputation for being a reliable technology & finance guru, and many investors trust his opinions. This is why the $StopElon coin was launched; to shield crypto traders from Musk’s manipulation.
Where to Buy the $StopElon Coin
The $StopElon coin was launched on Binance smart exchange and is unavailable on major platforms. You can, however, buy it on Pancake Swp using Trust wallet. This platform is most popular for trading in upcoming and meme cryptocurrencies like Safemoon, Dogecoin, and, most recently, $StopElon.
How to Buy the StopElon Coin
To buy this digital currency, you have to swap it for the Binance coin. Here’s a step-by-step guide on how to buy the StopElon coin.
Step 1: Download TrustWallet
You can either buy the StopEloin coin on Pancake Swap through Trustwallet or directly from Binance and then send it to the wallet. Trustwallet is a mobile app that acts as a software wallet and is compatible with both Android and iOS devices.
Step 2: Transfer BNB to Your Wallet
On the TrustWallet’s home screen, search for BNB and then tap on it. Click on ‘More’ and hit the ‘swap to smart chain’ button. A ‘you pay’ button will appear, and on tapping it, 4 options will appear: 25%,50%, 75%, and 100%.
This is the percentage of the amount of BNB tokens that you’d like to swap for StopElon. Select your preferred option and then tap on ‘Swap’ to convert your BNB to smart chain. Confirm that all the details are correct and then hit on the submit button for your transaction to be processed.
To check whether your order has been executed, check on TrustWallet’s home screen.
Step 3: Convert Smart Chain to StopElon
After confirming that your BNB tokens are in your TrsutWallet, move on to pancake Swap to finalize the transaction. Click on the select a currency button and paste StopElon’s contract address. This is readily available on their website.
Hit the swap button and as soon as you verify the details, confirm the transaction. A pop-up message of the transaction’s submission will appear on your screen, and the status bar should confirm that the transaction was a success.
How Good Is $StopElon’s Customer Support?
Reliable customer support is non-negotiable when it comes to crypto trading. Any slight delays in responses could be costly, which is why investors always go for exchange sites that have responsive customer support.
This is especially important for new digital coins whose prices are volatile. Currently, you can only reach $StopElon’s support team via telegram. They don’t have a live chat feature on their site, and neither do they have phone support or a listed email address.
What Is the Current Price of the $StopElon Coin
As of the week between 14th May and 21st may, $StopElon was trading at $0.0000019, but its prices spiked overnight by over 4874%, and within 24hrs it was trading at $0.00009450.
The biggest driver of this coin’s price is the investors’ fury at Elon Musk, and this seems to be working because $StopElon is being traded at high volumes.
This coin is proof that crypto investors are tired of having their fate decided by a few powerful people in the market. The recent price dip of bitcoin was unexpected because Musk had always been a supporter of the coin.
Musk alone was responsible for the prices dropping by around 40%, and he hinted that he might sell all his coins, which would further impact the price.
Currently, this coin is trading at $0.0000481795 and has a market value of about $24.9 million.
You can check the current price at poocoin.app.
How Safe Is the $StopElon Coin?
The prices of new cryptocurrencies are often volatile, which is why you should invest with caution. Unlike most new cryptocurrencies, $StopElon is backed by angry investors who suffered huge losses after the recent market drop.
Based on the current trends, this coin is likely to grow due to the massive support behind it. Investors are viewing $StopElon as the beginning of a new digital revolution, where people can make profitable trades without worrying that one person could crash the market.
Ironically, cryptocurrencies are decentralized and were formed to make sure that their value wasn’t impacted by one source.
New coins are usually speculative, and their prices are driven by how much the investors think they will be profitable. If a new cryptocurrency seems promising, they buy huge amounts of the coin and hold them until they are valuable, then sell them for a profit.
However, a new trend is being witnessed in the market where prices aren’t based on the core cryptocurrency fundamentals but on people’s influence.
Few of the new altcoins are made purely for trading purposes, as highlighted by Safemoon, Shiba Inu, Dogecoin and $StopElon.
Should You Invest in the $StopElon Coin?
If you’re looking to express your anger at Elon Musk and still make money while at it, then this coin is the best option. Their website is very easy to navigate and uses cursing language to express their dissatisfaction with Tesla’s founder.
New coins, however, have volatile price cycles, which is why you should invest using a systematic investment plan. $StopElon is doing well now, but since it isn’t based on the fundamentals of crypto trading, it might just collapse.
It’s fueled by investors’ frustrations, but what happens when Elon Musk makes statements that make bitcoin profitable? People will probably jump ship!
Alternatives To $StopElon
The $StopElon coin is a so-called meme cryptocurrency. Therefore, it might be an even more risky investment than other cryptocurrencies like Bitcoin or Ethereum.
While the prices of those are also very volatile, they are established coins that are expected to recover after the most recent drop (we can’t guarantee that, of course).
If you’d like to learn more about Bitcoin or Ethereum, or start buying/trading them, please check out our following articles: