To be honest🤔, I’m surprised by how steep the drop was — I expected it to happen after the tournament ended. Let me be clear: the listing on CEX itself didn’t negatively affect the token. If you look at the PX chart, it had already started falling before the listing, and the #CEX actually gave the token a chance to pump🚀 — the drop simply continued afterward.
Right now, PX is sitting at a $18M market cap. But don’t forget that another 4% of the total PX supply is still set to hit the market📉 through prize distributions for the tournament and other activities. On top of that, the end of the tournament will also have a negative impact on the token☝️.
So I’m expecting PX to fall to a $15M market cap — maybe even lower📉.
After the token drops🧐, I plan to buy and add liquidity to the PX/USDT pool on STON.fi, since the APR there used to consistently stay above 60%.
To make liquidity provision easier, you can use the Arbitrary Provision feature — I mentioned it in my previous post👈.
And just in case you’re wondering — the listing of PX on CEX won’t significantly affect the APR🔀 in PX pools on STON.fi.
And for those who don’t believe in the PX token, don’t forget about the burn plan🔥 aiming to destroy 50% of the total supply, plus a buyback worth around $5M💸 planned for this year.
