🔥$DAM New Coin Launch, What to Expect?
#DAM is a decentralized stablecoin protocol that creates a cross-chain scalable yield-generating stable wallet, including rUSD, srUSD, trUSD, and supports a variety of digital and real assets as collateral.
This protocol is backed by various digital and real-world assets - providing the most scalable stablecoin through DeFi applications and real-world asset integration.
Since its launch last night, it has been continuously breaking new lows. New coins follow the old routine; there will be a massive airdrop and significant selling of chips held by institutions right after launch, leading to a continuous outflow of on-chain funds, causing the coin price to keep falling.
A suggests currently going short as the trend suggests a downturn. Wait for clear signs of a bottoming out before considering going long. Currently, from the hourly chart, there is a clear downward trend.
