Mirrored Tesla (MTSLA)
Details about Mirrored Tesla cryptocurrency
€65,308 ( -0.0261%)
€16,060
2,268
2,268
26.828
Unknown
https://mirror.finance
@mirror_protocol
8088540x
€232869000
Mirrored Tesla price charts
MTSLA exchanges
Mirrored Tesla, the crypto
Mirrored Tesla (MTSLA) is a synthetic asset built on the Terra platform, which aims to track the price of Tesla (TSLA) stock. It is a cryptocurrency, similar to stablecoins, that is backed by a combination of algorithmic trading and collateralized assets.
The point
The main point of Mirrored Tesla (MTSLA) is to provide investors with access to the price movements of Tesla stock, without having to actually purchase the stock. This allows for greater flexibility in trading and investing, as well as easier access to the stock market for people who may not have access to traditional financial markets.
The problem
Mirrored Tesla (MTSLA) tries to solve the problem of limited access to the stock market, as well as the problem of high transaction fees and long processing times associated with purchasing and trading traditional stocks. It also allows for fractional ownership of Tesla stock, meaning investors can buy and sell very small amounts of the stock. Additionally, MTSLA allows investors to trade 24/7, as it is a cryptocurrency and not subject to traditional stock market hours.
Compare MTSLA and BTC performance
Timeframe | MTSLA | BTC |
---|---|---|
1h change | 0 % | -0.123028 % |
24h change | -0.07 % | 2.09108 % |
7 day change | 5.97 % | 8.95227 % |
14 day change | -44.15 % | 0.0381513 % |
30 day change | -97.29 % | 24.8117 % |
200 day change | -96.88 % | 172.24 % |
Year change | -94.02 % | 160.649 % |