Despite Elon Musk’s growing disinterest in cryptocurrencies, the market has seen a surge in the value of altcoins purportedly linked to his ventures. Musk’s public detachment from the crypto sphere has not deterred investors from speculating on related assets, leading to significant market movements.
The Neuralink (NLINK) cryptocurrency, which claims an association with Musk’s Neuralink project, experienced a staggering 3400% price increase following news of a successful device implantation. However, this token, which began in 2018, has no official connection to Musk’s initiatives and is part of a narrative that combines futuristic technologies with digital currencies.
The NLINK token, a BEP20 token on the BNB Chain, has a market cap of $176,053 and purports to manage carbon emissions from electric vehicles using blockchain technology. It boasts a supply of 420 quadrillion, aligning with the speculative nature of the cryptocurrency market.
Neuralink, a brain-computer interface project led by Musk, aims to enable individuals with disabilities to control their limbs. The technology, still in the experimental stage, has been met with mixed reviews from experts but has captured the imagination of speculative investors.
Following Musk’s update on the successful implant recipient, the NLINK token saw a massive spike in value, highlighting the influence of Musk’s popularity on investor behavior. Yet, it’s important to note that Musk is not involved with the NLINK token, and it is one of many altcoins that capitalize on his fame, similar to other meme coins like Floki and Shiba.