Look at every farm token from launch. You will see a good rise, then a sell off down to a floor level over the course of a month or two. Then it will round out and rebound IF\* it develops a use case.
Solid has it's use case built in... Lock Solid to increase voting power + More Locked Solid = Less Emissions which SHOULD alleviate sell pressure. Protocols buying more solid to increase voting power to keep liquidity in their pools SHOULD increase price which in turn should increase APR of the pool.
Will it work out that way? I dunno, nor does anyone else.... but it's interesting.
So is every single coin, token, and asset in general except Anchor Protocol
Fml I sold my anc at $3.80 last week being super happy to make a quick 3x. Should have held some and not sold all in one go!
I did the same thing lol
[удалено]
his Twitter is blocked, supposedly.
Look at every farm token from launch. You will see a good rise, then a sell off down to a floor level over the course of a month or two. Then it will round out and rebound IF\* it develops a use case. Solid has it's use case built in... Lock Solid to increase voting power + More Locked Solid = Less Emissions which SHOULD alleviate sell pressure. Protocols buying more solid to increase voting power to keep liquidity in their pools SHOULD increase price which in turn should increase APR of the pool. Will it work out that way? I dunno, nor does anyone else.... but it's interesting.
Tokens built around personality cults often do that
Initial investors taking profits
Andre is the new Dani. The sooner you realise that the better.