What is the situation with this coin $JOE ?

This coin is from an established DEX on the Avalanche chain, similar to Uni but with more comprehensive features, allowing for trading, mining, and lending. It peaked at $4.5 and is now down to $0.14, a drop of 97%, with a market cap of $58 million, and it still has some liquidity. The project team is currently expanding to the BNB chain and Solana, aiming for a multi-chain ecosystem.

However, the future seems a bit awkward; although the team is still working hard, the DEX space is highly competitive, with major players like Uniswap dominating the market, and new chains are constantly emerging with numerous clones.

The current price looks cheap, but the Avalanche chain itself lacks momentum, and the effects of multi-chain expansion have yet to be seen.

The advantage is that 79% of the tokens are already in circulation, so there isn't much selling pressure. If a small chain explodes, there might be a chance to benefit. If you want to play, I recommend treating it as a short-term chip; volatility is the norm, so take profits when available and don't hold on for too long. As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Like and comment, and I'll guide you through the bull market to seize this major opportunity!

#币安Alpha上新 #币安钱包TGE #美联储FOMC会议 #鲍威尔发言

UNI ETH BTC SIL