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Jacquie Docherty ZTp8
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$USUAL Noted by many disheartened by the evolution of the token. Without understanding what is happening behind these drops.
While the price drops, the total supply and circulating supply increase to 483M, leaving about 11.6M for the limit set at its launch of 12.37%. This is not necessarily a bad thing; with demand, there is no problem. Imagine you buy a token that then nobody wants. That is not the current case. The token has demand. Just not in the way you expect. Demand will always want to buy at a lower price, and that’s where the "smart" purchases come into play.
On the other hand, the number of Holders continues to grow. This can be seen over a week as it has been increasing while the two main wallets, one from Binance and another from the project, are decreasing their holdings, which is clearly the distribution of tokens at launch, airdrops, etc. Everything is proceeding as stipulated. When a young project hits the market, the creators inevitably have to reduce their holdings so that the public can acquire the token. How else could it be acquired?
Be patient. Anxiety and fear are not good companions during these drops. Many end up selling at a loss, trapped by their emotions.
Consider the following: if you invested 50, 100, 200, 500, or 1000 dollars, even 2000, if you lose it all, will you be poorer than you already are? On the other hand, if the project gains momentum, how much could your account multiply? It will all depend on your stomach to withstand these drops.
These drops are necessary to cleanse the weak hands.
While the price drops, the total supply and circulating supply increase to 483M, leaving about 11.6M for the limit set at its launch of 12.37%. This is not necessarily a bad thing; with demand, there is no problem. Imagine you buy a token that then nobody wants. That is not the current case. The token has demand. Just not in the way you expect. Demand will always want to buy at a lower price, and that’s where the "smart" purchases come into play.
On the other hand, the number of Holders continues to grow. This can be seen over a week as it has been increasing while the two main wallets, one from Binance and another from the project, are decreasing their holdings, which is clearly the distribution of tokens at launch, airdrops, etc. Everything is proceeding as stipulated. When a young project hits the market, the creators inevitably have to reduce their holdings so that the public can acquire the token. How else could it be acquired?
Be patient. Anxiety and fear are not good companions during these drops. Many end up selling at a loss, trapped by their emotions.
Consider the following: if you invested 50, 100, 200, 500, or 1000 dollars, even 2000, if you lose it all, will you be poorer than you already are? On the other hand, if the project gains momentum, how much could your account multiply? It will all depend on your stomach to withstand these drops.
These drops are necessary to cleanse the weak hands.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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