One more month has passed in the world of crypto, in some cryptocurrencies are up, and others are down, and as we look at the weekly trending trading cycles of crypto currencies, if your anything like me it’s hard not to be somewhat frustrated with the overall recent price performance of EOS main-net.
But putting that aside for now, if you’ve been watching the news, I’m sure I don’t have to tell you about the recent Twitter purchasing activities of Elon musk, who quite frankly shocked the world with his latest acquisition. But arguably more important than that, what’s much more interesting to me is the coming up Tesla shareholder meeting, in which Tesla shareholders will decide whether they will split the shares of Tesla once more, by anywhere from 5 to 1 or and some rumors I’ve heard, 10 to 1, which has many Tesla shareholders quite excited about the possibility of receiving a new flood of Tesla stock buyers, who are salivating at the chance of purchasing a full share of Tesla for under potentially $200 a share. But as I became aware of this news, I began to ask myself a question, why is it that simply changing the unit price of a share so incentivizes new buyers to come into the market. After all the market cap does not change because of a mere stock split. Yet, nevertheless try telling that to all the happy new purchasers who see the lower price of Tesla shares as a steal.
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