Summary:
- Low MC/FDV which is a positive but why not pump harder given IDO platform?
- Low depth in liquidity (should be highly volatile)
- Safe to assume you have 100+ influencers ready to dump
I'm surprised the token hasn't seen a more significant pump, especially with VLaunch influencers involved. It raises questions about their confidence in the project or potential internal issues at VLaunch with all KOLs involved.
Considering the launch on VLaunch, I expect major selloffs from the KOLs with the short vesting periods and lockup, a trend observed in other IDOs. I think the only project having launched there that has done relatively well in holding its value would be Coinweb.
The 2% depth on exchanges is low, the MC/FDV is also relatively low. So might be a good token to trade aggressively with small amounts through bots. Tokenomics mentions 10.9m $SHER allocated for liquidity, but details on release timing (TGE, cliff, vesting) are unclear.
Edit: This opinion has nothing to do with the technology they are providing. Just purely looking at what I think will happen to the price. They might surprise by getting a TON of adoption too which probably would make this post invalid. Show Less
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