There is no big change happened in the cryptocurrency market within last 24 hours. Bitcoin is trading around the same price of $68k and Ethereum is keep playing around $3800. Almost all of the altcoins are moving in the same range as yesterday because of Bitcoin. No change in the price of bitcoin means no movement in the market.
There are a few random coins seems to be appearing in trending section on the Coingecko which is a data tracking website. This is not a new things as some random coins pop up often, these usually dont follow market trend and are unknown mostly , what i am trying to say is that their price action does not matter.
We all want to see Bitcoin moving out of current zone as it is now a boring level. Because to move the market it is necessary for Bitcoin to leave the current price zone. Altcoins will move up well when Bitcoin price crosses $70k. If we really wants to see altcoin rally then Bitcoin should be crossing $80k. This will push up the whole market.
We have a player in the market which do not care about what Bitcoin is doing, it do its own things. Im sure that you know the name very well. Yes , Its Hive , our beloved coin. $HIVE does not follow Bitcoin price action or market, it draw its own pattern which is hard to predict. When market goes up, it goes down and when market goes down it goes up.
On the other hand Param Labs has launched its long awaited token $PARAM at once on all major exchanges including uniswap. The airdrop claim was also went live at the same time but most people were unable to claim tokens due to heavy traffic on the website.
Param Labs has disappointed its community by distributing $10 airdrop . Majority of the users got less than this amount. Their distribution mechanism was not good to satisfy the community. I know it is hard to satisfy everyone but keep in mind that when you are doing an airdrop then make it worth the time spent by the community.
Param Labs seems to farmed the community as they used community to farm engagement and hype the project. Now when its airdrop time they have distributed dust amount to 90% of the users which is really a shame.
Param labs airdrop model is also criticized by big influencers. This is not the first project who farmed the community. Such projects who ignore community does not perform well and die sooner than we think because they are not honest from the beginning.
I have been farming $PARAM airdrop and accumulated 32k points which gave me 81 $PARAM tokens worth $10. Looking at the time spent on accumulating points seems not worth it.
Some projects rewards community very well while others disappoint community, it is what it is. Bottom line is that you cannot expect big from each project.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
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