🚀 $NIL : a coin from an airdrop that suddenly took off?
The recent surge in the price of NIL has caught the attention of many regarding this token. But keep in mind an important nuance: most users received NIL through an airdrop, meaning without an 'entry point' in fiat equivalent. This means that at the first signs of doubt, they may quickly lock in profits and 'dump' their coins.
What should you know before holding NIL for the long term?
1. Who is on the team: does the project have serious partners or is it just another 'startup' without a face?
2. Tokenomics: are there upcoming unlocks of large volumes of coins that could crash the price?
3. Real-world application: does NIL solve any important problem or does it simply duplicate existing solutions?
4. Community: does the project have a vibrant community or is all the hype a result of a recent pump?
Always do your own research)