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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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24069085 No.24069085 [Reply] [Original]

23m MCAP seems laughably low, but this shit wont stop dumping while a lot of other DEFI alts have recovered somewhat.

>> No.24069136

>>24069085
0 way for the token to accumulate value. Very bearish. Even Igor asks his community to come up with ideas on the forum for POA network to increase the value. Team made a good product, they have terrible tokenomics though.

The companies that invested in the early seed round at 50 cents are just going to keep dumping now because the price looks bearish. My guess is it hits $3 before a real bounce.

>> No.24069394

>>24069136

Do you have a link that forum post by chance?

>> No.24069501

I will buy at 3 dollars

>> No.24069516

>>24069394
https://forum.poa.network/t/poa-token-use-case/4051

Just not really inspiring confidence in the project I don't think. I think the teams attitude is good LONG TERM for the project. But I don't think that the project will have short term price success. Their strategy seems to be onboard users, build the platform, then maybe do things with the token to increase price. You are better off putting your money into another alt that also fell during this time period (September to November).

Not knocking the chain, just not going to have good price action, the cats out of the bag on the tokenomics now it seems.

>> No.24069589

>>24069085
im so rekt on this shit

>> No.24069602

>>24069589
When'd you buy?

>>24069516
How far will it go if it bounces? ATH?

>> No.24069720
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24069720

>>24069602
11$ 10$ and 9$
i sold RSR fo this chit

>> No.24069811

>>24069602

To be fair the link you posted is for POA Network which is completely separate. Granted, it still doesn't inspire confidence as they were behind that as well as basically abandoned it.