CRYPTO MECHANIC
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Trump's token called World Liberty Financial ( WLFI ) is launching on September 1st, and I think there will be a lot of hype around it because it’s associated with Trump.
It’s very likely that it will catch a similar level of attention as Trump’s memecoin.
However, I think you should avoid jumping in on the first day because it depends on the fully diluted valuation (FDV). If the FDV is too high, say over $10 billion, then there’s no need to rush. You should wait and see how it performs, especially since there was a presale, and presale investors might take profits quickly.
So, don’t rush observe the price and wait until it finds a floor. Just because it’s a Trump associated token doesn’t mean you should buy it on day one.
Remember how the Trump meme coin turned out. Most tokens linked to celebrities are designed to fill their pockets, and you’re basically the exit liquidity.
So, be patient. If the FDV is under $1 billion, then it might be more attractive for me. And I’d always wait for the price to form a range and then look for a breakout.
That’s my advice: don’t jump in on the first day!
It’s very likely that it will catch a similar level of attention as Trump’s memecoin.
However, I think you should avoid jumping in on the first day because it depends on the fully diluted valuation (FDV). If the FDV is too high, say over $10 billion, then there’s no need to rush. You should wait and see how it performs, especially since there was a presale, and presale investors might take profits quickly.
So, don’t rush observe the price and wait until it finds a floor. Just because it’s a Trump associated token doesn’t mean you should buy it on day one.
Remember how the Trump meme coin turned out. Most tokens linked to celebrities are designed to fill their pockets, and you’re basically the exit liquidity.
So, be patient. If the FDV is under $1 billion, then it might be more attractive for me. And I’d always wait for the price to form a range and then look for a breakout.
That’s my advice: don’t jump in on the first day!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.