1/ Why fundamentals matter more than the hype/narrative
This was one of the most hyped projects just 6 months ago, now it is doing 100x less daily volume and the token price went -90%
This was one of the most hyped projects just 6 months ago, now it is doing 100x less daily volume and the token price went -90%
2/ Level launched with the heavy incentive program for traders.
It resulted in a lot of wash trading when a single wallet was doing 1/6 of the volume on the exchange and insta-dumping the rewards.
It resulted in a lot of wash trading when a single wallet was doing 1/6 of the volume on the exchange and insta-dumping the rewards.
3/ At the same moment there were a lot of accounts promoting $lvl everywhere,
The same group of accounts that are shilling new tokens every week.
The same group of accounts that are shilling new tokens every week.
4/ But from the fundamental analysis the were no reasons to buy the token except for a short-term pump and dump play - there were very few users and all the volume was wash-traded.
5/ The volume has fallen from $300m to only $3m - 100x less.
It is always a concern with the incentivized volume - is there anything else that can keep the users on the platform?
In our case, the active users are going down.
It is always a concern with the incentivized volume - is there anything else that can keep the users on the platform?
In our case, the active users are going down.
6/ Remember that crypto is a PvP and to make money someone has to lose them.
So think twice when you are buying another future of finance coin after listening to the narrative and not researching yourself.
So think twice when you are buying another future of finance coin after listening to the narrative and not researching yourself.
جاري تحميل الاقتراحات...