The crypto market requires time to determine the value of investment or the assets we buy in this market. I don't think that we should ever enter this market with the thought that we can make money in a short period instead if we join with a long-term approach then the profitability can be significant and at the same time we also minimise the risk on the investment. I follow Warren Buffett's investment strategy and he is clear that if I cannot hold something for 5-10 years, I should not enter that instrument.
It requires a thorough study and research before investment and once that is done and you are convinced that the project is good for the investment then I do not think there could be any other bottleneck on the way. It is simple before investing do all the possible research and study and once it is done never think again about it. I follow the same and I have done my research on this project which proves that it is a solid project in the market which is known as meme coin but I don't think it is a meme coin project because I can see a lot of utilities with this coin.
One of the best use cases for this coin is going to be the bonus vote for the content creators on this platform and that will encourage a lot of people to buy and hold. You will be able to utilise that functionality only when you hold the balance and this is a great utility I would say and for that reason I expect a lot of content creators to come forward and invest in this project. I must appreciate the team for bringing such an innovative use case through this meme coin that makes it more valuable and all those content creators would be happy to hold the big chunk of tokens just because they will be able to earn a reward for the holding.
If you look at the price for the coin in the market then it is down and a state drop can be seen in a one-day price range however instead of worrying I see this as an opportunity. It is an opportunity for those who wanted to enter the project but they could not do it earlier since the prices were high. It is also an opportunity for those who are a regular content creator on this platform and they want to get rewarded for their content through a bonus vote. Nothing is free in this world so if you are expecting more attention and support on your blogs then this is a great opportunity that no content creator should miss I believe.
I have invested in this project already and it was done in the month of September because I believe that it is worth investing project. I know that these prices were slightly low when I started but because I managed to buy in parts my average buying is not that high, to be honest. I hope that people try to understand what they are missing if they are not invested in this and they also need to go through the project details before determining if this is fit for them or not.
I'm not sharing any type of financial advice but all I am saying you to check out the project and the upcoming utilities that they are going to offer. Generally, we look for a couple of components in the project which are-
Team
Roadmap
Development
Token Utility
Accessibility
Transaction fee
So these are some of the components that are required to go through before investing in any project and I must mention that the team has done a great job on all these to build the solution and undoubtedly the people behind this project are more reliable and reputed on the chain. They have been here for a long and they are driving multiple projects as of now to support different communities on top of this bringing this project will enable them to extend more support to more people and more communities of course.
Thank you so much for stopping by and if you like my content, please vote and share your thoughts in the comments section.
