Back when Broccoli and BOB participated in the voting on BNB Hub, and Broccoli was declared the winner of that vote, I immediately checked for vulnerabilities in Broccoli. I was shocked to find several dangerous function in the smart contract of the Broccoli token.
At that time, maybe no one paid attention to my post because most people assumed that smart contract vulnerabilities had nothing to do with price. If the price looked good and kept rising, then everything was assumed to be fine and unaffected.
Now look at what happening with Broccoli714. Is that truly healthy and free of manipulation?
If you were in the position of a trader, you wouldn’t look at the smart contract. You would only focus on the price candle movements whether it goes up or down and that alone could eventually make you poor. No matter how strong your technical analysis is, it will collapse if the developer suddenly decides to pump or dump.
But I am a programmer, and I need to examine the token smart contract directly. If it’s safe, I’ll say it’s safe. If it’s not safe, I’ll say it’s not safe.
Crypto is fundamentally about technology, not candlestick technical analysis. The core of crypto lies in cryptographic technology, more commonly known as blockchain.
Only after you are certain that a token smart contract is free from manipulation should you begin using technical analysis. Because if there is no manipulation, then the price movements will follow the technical indicators such as RSI or others.
Crypto can be a cruel place full of price manipulation when there are vulnerabilities. But if no vulnerabilities exist, then manipulation is nearly impossible.
With $BOB , I have not found even the slightest vulnerability that could allow manipulation.
Previously, I also wrote about Jager Token and Rekt Token. Now I’m just observing how far the developers of those token will go in manipulating the price movement. I’m simply waiting for the moment when those developers go on vacation and say goodbye to their holder. {alpha}(560x51363f073b1e4920fda7aa9e9d84ba97ede1560e)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.