Here's a quick rundown of this project and why I think it might be both a good short-term trade and a long-term hold.
Not financial advice, for informational purposes only.
- Backing
This token is backed by Binance Labs and Sequoia. Chainlink Labs is also involved, so there is a good chance that this is an insider project.
- Trading Volume
There is already solid volume on multiple major exchanges. This is a good thing and means that the token will be easy to buy.
A good sign for a potential moon.
- New Issue
Since this token is new, there could be a initial pump, which has not happened yet. This is pretty common among tokens that have a lot of hype.
It could be good for a quick hit and the situation would have to be reviewed from there.
I would not count on it really taking off until they get the tech sorted and they can provide user numbers.
- Narrative
This project is focused on the dystopian/robot/AI/virtual girlfriend narrative, which will be huge in the coming years.
If you follow world events, this is one of the overarching goals of crypto and should be followed closely.
It's not a good idea to get sucked into in yourself, but will probably make for some good trades.
- Following
The project has a lot of followers on X, but that could be fake accounts.
Downsides
Obviously, the downside is that it's a new project and the tech is unproven.
It's also a very ambitious project, so there is a lot that could go wrong.
Conclusion
I have zero association with this project, I feel that it is simply a good trade.
Since this token just launched and has good trading volume, I see this as very low risk. But it's a good idea to be prepared to bail and cut losses. Show Less
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