While there isn't much action right now, let's chat about $parti! I've been pushing it so hard, and if you don't listen, you'll regret it!
The big conference in Hong Kong is coming up soon, and I expect it to be another period of decline!
For someone like me who isn't a contract player, the market hasn't been worth trading in these past few days. I've been buying parti, from 35 all the way down to 23. I'm just a small investor, and I've almost bought ten thousand coins in bits and pieces. Although it’s insignificant for the big players, I believe it could be a tenfold or even fiftyfold investment.
Some brothers say this project has a market value of several tens of millions, and even if it falls to zero, the project team still profits. Why would they want to pump the price?
First of all, the project just secured $1,500 in Series A funding from Binance Labs last June, so they are financially solid.
A market cap of several tens of millions does not mean the project team can just withdraw and take the money. Most of the chips haven't been unlocked yet, and the project team doesn't have many chips available.
As for why they would take the risk to pump the price, I don't quite understand this reasoning. I think this project has great potential; it’s the best on-chain trading app, and I believe its future could reach the level of Binance. Therefore, the market cap reflects the optimism surrounding the project. It's normal for the market cap to rise as more people hold and buy the asset.
Moreover, with a current market cap of fifty to sixty million, even with full unlock, the market cap would only be 230 million. Personally, I think a fully unlocked market cap of 5 billion would only be a passing grade for this project team.
Lastly, no serious project team would say they want to cash out and run away. If what they are doing has a bright future, who would resist the opportunity to create a world-class product? Surpassing Binance and becoming a major player in the crypto world—who would pass up such an opportunity?
So, even though the price is down right now, I still think this is a project worth holding onto. Opportunities in life are rare; you’ll miss a lot, and you’ve already missed a lot, but don’t miss this one!