I’ve said it before, and I’ll say it again, this coin is not worth investing in. It is primarily designed to attract traders to the platform with its staking and reward system, which makes it more inflationary, especially with the unlocks. I don’t see the price going beyond $0.50–$1, as they are losing investors day by day.
If you analyze the chart, there’s no indication of an uptrend, particularly now that Binance is restricting DYDX transfers, which is a concerning development. Nobody knows what’s happening behind the scenes, but comparing previous prices to today’s clearly shows a negative trend from a broader perspective. This isn’t a new coin, so we can’t simply argue that it needs more time to build momentum.
Be cautious I made the mistake of believing this coin would grow as the platform expanded, but it hasn’t.
This is just my perspective. I hope you all have a great trading year, and always do your own research before investing in any coin. Don’t buy just because it’s cheap! 🙏
