The deflationary nature of the tokenomics for $GRAIL and $XGRAIL aim to encourage staking and involvement in the Camelot ecosystem, as well as to provide advantages to token holders which are great benefits to long term holders. However from a current TA perspective, even though buying where price is at right now ($1450) is not the dumbest idea in the world as it is big HTF support, I envision crypto to have a bigger pullback at some point in the near future so I would be much more interested in buys for $GRAIL below $850. But I definitely see it as one of the stronger DEX’s for the future so I will definitely be keeping an eye on it.
Camelot appears to be a promising DEX with unique features and substantial potential. Its success largely depends on the Artbirium network's ability to regain traction after the initial hype surrounding its airdrop. ARB, being a well-known layer 2 solution, could attract a significant number of users when the market heats up during a bull run, particularly if Ethereum still faces challenges such as high gas fees and congestion. As a result, Camelot's trading volume is expected to experience significant growth, potentially enticing users to switch to the platform permanently and benefiting its native token in the long term. Additionally, given the current lack of trust in CEXs, it is plausible that DEXs will gain more prominence in the mainstream in the future. This shift in narrative would further strengthen Camelot's position, along with its native token $GRAIL.
If I was looking to buy $GRAIL token for the long term I would definitely be looking to earn yield rewards on it by participating in incentivized staking positions or use $XGRAIL tokens and allocate it to plugins. I like options such as these with my crypto holds to put the tokens to work rather than have them sit there doing nothing, I see this kind of thing as the crypto’s equivalent to dividends and this helps to also mitigate some risk. Show Less
