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/biz/ - Business & Finance

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20926705 No.20926705 [Reply] [Original]

Someone explain price discovery for a meme coin. Doge came out in the old time days I don't want to ask my grandma about it. Can $Tend get to $10. Should I wait to see how it's trading on Piloniex first.

>> No.20927085
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20927085

>>20926705
Can't put a price on Tendies thats the first mistake.

>> No.20927140

>>20927085
I mean as a Hyperdeflationary coin is it possible to even lock in a price? Shouldn't it keep going higher and higher. What other coins have this model?

>> No.20927262
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20927262

>>20927140
google shit I just love the memes

>> No.20927558
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20927558

Idk a lot of OGs and whales are jumping into this.

Look at this whale just keeps accumulating. Spent like over 600 ETH buying TEND:

https://etherscan.io/address/0x7939001612795afa125a245e1683f8559c7f8db1#tokentxns

They must know something. Maybe staking coming or some yield farm play?

>> No.20927893
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20927893

>>20927558
Whales have to stay in the top 50 to get rewards. so it makes sense to keep buying. People are making staking pools right now to jump in the top 50. so pressure is on the actual whales.

>> No.20928073

>>20927558
So what price do you think it will stabilize. I don't think any of the crypto fucks that take themselves serious have talked about a actual price point. Feel stupid asking the boards questions it's always the same answers $1, $5, $10.

>> No.20928075

>>20927893
damn, I forgot about that pooling dynamic. Just kept thinking it was a burn supply meme coin. There's more to this memecoin than compared to Doge kek.

>> No.20928078

price is up on poloniex since launch, i am watching

>> No.20928125

>>20928073
70cents to $1 is like the floor right now. So it is possible to see it go up to $2, $3.50 then $5.

Coingecko showing $7 million marketcap and 8 million circ supply so could potentially 3x to $30 million?
https://www.coingecko.com/en/coins/tendies

>> No.20928646

Just getting to 10% of DOGE's CURRENT (not ATH) marketcap is a 6x. Think about it.

>> No.20928720

Its over!
1$ was ATH it will go down slowly over next few weeks until 2ct

>> No.20928911

>>20928125
What I'm saying is with the supply dropping fast how do you find a stable price. Is it DIPPROOF. I mean like will dips always recover from supply decrease alone?

>> No.20928927

autistic researchers from bizlabs recently discovered that tendies price closely follows the golden rule of tree fiddy, next stops should be:

3.5 > 35 > 350 [$]

>> No.20929428

gonna laugh my ass off when tendies are like $120 later this year. possible with the deflation too.

>> No.20929467

>>20928927
That makes sense! Even the reward structure gives evidence to it. Every 3 days 50 top wallets get reward.tree fiddy. Fuck. Fuck.fuck. mooning is a guarantee

>> No.20929520

>>20929428
It's fucking with my head. I trust Tendies I just don't trust any of you. I feel like I'm missing something.

>> No.20929984

>>20929428
It's a double meme coin. so hitting every meme number is expected

>> No.20930218
File: 452 KB, 1080x2160, Screenshot_20200802-132453.png [View same] [iqdb] [saucenao] [google]
20930218

It dipped im about to swap my link and when it goes over a dollar swap back my original amount of link and freeroll tendies.