$MAT This coin has dropped sharply, and I believe many brothers regretted it right after getting in 😅
So why did it drop? Many brothers might understand a bit, so let me share Brother Yong's opinion.
MAT coin is the token of the blockchain project Matchain, mainly used on AI-related blockchains for paying fees and participating in governance. It runs on the Binance Smart Chain and was launched on the Binance Alpha platform, but be careful to distinguish it from other tokens with the same name like Polygon's MATIC, don't get them mixed up 😂
1. Airdrop rule adjustments triggered a sell-off: Binance Alpha suddenly raised the points threshold to 243 points (originally 210 points), causing some users to be 'reverse harvested,' leading to panic selling and a price drop.
2. The cost of earning points is higher than the benefits: Users need to invest at least 17 points (about 60U) daily to meet the standard, but after the airdrop token went live, the price halved, leading to an imbalance in the investment-output ratio and a collapse in market confidence.
3. Overall sentiment in the sector is poor: The Alpha platform has frequently adjusted rules recently, combined with a lack of hotspots in the entire crypto market, resulting in capital outflow and follow-up declines.
So can this coin be held long-term?
Short-term risks are high, but looking at the project itself long-term:
Here’s a reason to hold: Matchain has AI technology + collaboration with PSG sports giants. If it can implement real applications in the future (like privacy data services), the token may have value support.
Another risk not to hold: Airdrop tokens generally have a high rate of going to zero, and the project has not disclosed the token unlocking rules, which may lead to significant selling pressure in the future.
Brother Yong's suggestion:
If you are optimistic about the AI sector, you can do small regular investments, but don’t go all in. Keep enough money for living, buy a bit when it drops to a low price, and sell when it rises too much; don’t expect to get rich quickly.
In the future, Brother Yong will lead fans to ambush several better coins. This kind of coin is still only recommended for small plays, brothers can judge for themselves! After all, Brother Yong has shared both the pros and cons with everyone.
Pay attention today: OM SUI SOL BCH ETH
