Very very important “signal” from the @virtuals_io eco today: the crew from $AXR was the first major unlock of the platform from the yellow lock expiring. This is probably their most “visible” token right now, so it was an important test.
It fell ~20% in the couple of days prior to unlock, and considering that yesterday we had an absolute market crashout across the board that’s already pretty good. But then today we had a hard snapback and the entire dump is pretty much recovered post unlock, and project is trading around the 30 milli mcap already.
I think it’s time for many to stop obsessing over ltf price action and farming, this is not https://t.co/KTp1qd7Xs3: the bigger picture has legs and fundamentals and it’s a hell of a moonshot if done right. I expect the predumps to be less and less significant on quality projects goong forward.
On the team’s end, it’s really really paramount to keep fine tuning the point algo, wich is a bit inconsistent, but more importantly to find and punish all the gaming that is happening, from sniping ( not easy, but would be a game changer ) to wallet volume farming ( much more doable ).
I remain giga bullish on the entire ecosystem, and expect it to be one of the faster runners if we sustain this btc rally, with ACP activation right around the corner, and a possible game changer if implemented well.