#aidoge First of all, I hope everyone can look at the recent meme token rationally
Aidoge
Don’t get too FOMO
Below is my short-term analysis and evaluation of Aidoge.
First of all, the Aidoge project has two tokens
1. Aidoge
2. Aicode
Ways to get AIdoge include early airdrops and dex cex purchases
The method of obtaining AIcode is quite special. You can obtain it through dex trading or burning Aidoge.
In the first two months, 40,000 aicodes will be produced every day and can be pledged to obtain arb
The computing power of pledged Aicode will decrease every day
In my opinion, the model of aidoge is very novel, but the price of the currency is unlikely to take off in the short term.
First of all, the price of Aicode is currently 30U
The daily output is 40000X30=1.2 million U of selling pressure. If half of the people pledged
That is, the selling pressure of nearly 600,000 U per day
Many people will say that the project party can issue NFT, so that it can be recycled.
No, no, no. In the short term, there will be very few Aicodes in circulation, and pricing will be very difficult.
Try to imagine if Aicode's price remains high
With the current low circulation, the price of NFT calculated by aicode will definitely not be too large
Then the recycling is meaningless. Try to see a 30u aicode
NFT sells you 10 aicodes 30x100=300u. Try to ask how many people will pay for it?
Logically speaking, the price of aicode must drop to single digits.
Make aicode widely circulated and the project party can only recycle it when it is open to minting NFT
So to put it bluntly, Aicode will still fall in my opinion.
It will be a good entry price if it drops to at least 5~10u
I believe that many people will say that it costs money to get aicode.
Try to ask yourself, the fixed output of 40,000 per day is fixed, people don't burn it.
If you burn it, you can get more points. There will always be speculators. Even if you bet right once, you may get nearly 100 codes.
And the disadvantage of aicode is that there is no lock-up period for staking and it can be sold at any time
The above is my analysis of the recent hot AIdoge project.
No investment advice is given. Be rational #Meme