#cyclenetwork
cyclenetwork
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Cycle Network (CYC) is currently trading around $0.008. It has been dumping quite a bit in the last 24 hours (-25% to -35%), and has been down even more this week. The market cap is now just around $1.2 million. Small coin, so volatility is high.
Cycle Network is an infrastructure project chainless liquidity abstraction, settlement layer between different blockchains. Temasek has sub-funds + other institutional backing. If the project continues in the long term and adoption increases, then there is potential to go much higher than this level.
My personal view: There may be further down or consolidation in the short term. But if the market recovers and the project delivers, then it is not impossible to go up to $0.02-0.05 in the next 1-2 years. But it is high risk — it can also die.
What do you think, bro? Are you holding or waiting? 👇
#CYCToken #CycleNetwork #Crypto
Cycle Network is an infrastructure project chainless liquidity abstraction, settlement layer between different blockchains. Temasek has sub-funds + other institutional backing. If the project continues in the long term and adoption increases, then there is potential to go much higher than this level.
My personal view: There may be further down or consolidation in the short term. But if the market recovers and the project delivers, then it is not impossible to go up to $0.02-0.05 in the next 1-2 years. But it is high risk — it can also die.
What do you think, bro? Are you holding or waiting? 👇
#CYCToken #CycleNetwork #Crypto
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