🤑 From hitting $4.99 to trading in cents: What's up with $JASMY as it gets into the winners today? 👁️
Today, it made the winners list with a clean bounce of +7%. But why is it trading so low when it hit its all-time high of $4.99 back in 2021 here on Binance? 🧐
Two cold hard facts to understand it quickly this Sunday:
1. Dilution: Back in 2021, there were very few coins circulating and the hype inflated the price. Later, the developers released billions of tokens for the utility of the project, bringing the value down due to pure mathematical gravity.
2. Today: The danger of issuance has passed. 99% of the coins are already in the market (49.44 billion) and the project runs using the token as gas on its own Layer-2 network.
This isn't a blind FOMO rocket; it's a healthy accumulation zone. In the bunker, we watch the structure, not chasing green candlesticks. 🦅🛡️
Smart accumulation zone or do you prefer to watch from the sidelines? Let me know below! 👇
#BinanceSquare #Altacoins #jasmy #Jasmyusdt⚠️⚠️
Today, it made the winners list with a clean bounce of +7%. But why is it trading so low when it hit its all-time high of $4.99 back in 2021 here on Binance? 🧐
Two cold hard facts to understand it quickly this Sunday:
1. Dilution: Back in 2021, there were very few coins circulating and the hype inflated the price. Later, the developers released billions of tokens for the utility of the project, bringing the value down due to pure mathematical gravity.
2. Today: The danger of issuance has passed. 99% of the coins are already in the market (49.44 billion) and the project runs using the token as gas on its own Layer-2 network.
This isn't a blind FOMO rocket; it's a healthy accumulation zone. In the bunker, we watch the structure, not chasing green candlesticks. 🦅🛡️
Smart accumulation zone or do you prefer to watch from the sidelines? Let me know below! 👇
#BinanceSquare #Altacoins #jasmy #Jasmyusdt⚠️⚠️