It is no surprise to those who are aware of the alien technology that price go up can be programmed into the right coin
@ssjsasha/is-this-coin-poised-for-greatness-77q
I made this post 2 months ago.
There was a time you couldn’t talk about freely.
But LeoFinance, before it become InLeo, was a home for all the crypto/stock/metals price talk
Not really a place to shill nonsense to dump on the next person, but to discuss cool paths other teams and communities are taking
I understand how there are many “brands” in the crypto world, but we are still part of a wider “cryptocurrency” and “blockchain” ecosystem
So when I see things like Dash getting closer with Leo it makes me happy, not just nostalgic for the days steem (hive) and Dash were the 2 blue coins (blue logos) at the top of the top 10 coins in marketcap
Again, like always, this is not financial advice, just me sharing what has happened in the past and explaining WHY things should continue into the future
Look at that price chart… if you didn’t feel like clicking on the previous post here is the price at the time, the general area circled in red
But you see the exact price in the next post about liquidity
The whole purpose of this topen, PTGC, is liquidity pairing
It’s built on Pulsechain, which is a fork of ethereum with way cheaper fees, ptgc wouldn’t work as good in a high fee L1 environment
On pulsechain, like many markets in the world, there are arbitrage bots that balance the liquidity pools to keep the prices of a token the same in this pair as it is with that pair
Also, the general consensus is the the pulsechain ecosystem is overall way undervalued and primed for some more pumping
So with these 2 alone in mind, there have been many ptgc/pls ptgc/hex ptgc/inc ptgc/plsx ptgc/pdai pairs and way way more
There’s millions and millions of dollars in liquidity
This is what the liquidity was in their biggest pair 2 months ago
Now look at the liquidity in the same pair today
the other pairs have gone up as well because all those pulsechain coins have gone up substantially.
The mechanics of using the 5% tax to buy the token off the market to burn or burn the lp are clear the be working, you can see it in the price chart. You also earn passive income since a 2% of every transaction is going to holders and stackers. Those are not new tokens, they are pulled out of the volume. One of those coins where volume actually matters
No human needs to buy or sell, as long as anything in the liquidity web is moving up or down, the arbitrage AMM bots (automated market makers) adjusted to prices to balance them out. These transactions alone are most of the green candles, the violent swings up and down are the people buying in or cashing out
Its awesome. You are getting more coins to hold onto your coins… everyone is just holding… and when the price goes up enough someone will crack and sell, which pays everyone their “yield”, those who compound their yield will compound, those who sell their yield will sell… which makes the number of coins in pools available to buy, run low, running up the averages. (For those who know how Uniswap V2 mechanics works)
It’s one of the few coins where if you see a temporary 10% red candle you actually get excited to see how many coins you got for your share of the holder/stackers reflections
Read all the PTGC related posts you should know enough about why the price is destined to keep going up
Especially when you consider that the coin UFO is burning more PTGC than PTGC is burning
More on that another day :)