RE: RE: The Trending Page
You are viewing a single comment's thread from:

RE: The Trending Page

Words
206
Reading
1 min
Listen
Play
5y

POB saw some real crazy growth in the last week.

Growth in numbers of authors and curators, good.

Growth in token price, meh. There is not enough liquidity for the token price to be all that meaningful at the moment.

A week or so ago, on a whim, I decided to sell rather than stake my POB curation rewards for the day, just to see what would happen to the token price, and it dropped by about 10%. Last I checked, 1 or 2 buyers represent the lion's share of the purchasing.

Don't get me wrong, I'm not saying the token is not worth the current price. I'm just saying don't get too caught up tracking that; look deeper.

Focusing too much on the token price might leave everybody deflated if someone dumps a significant number of tokens in short order.

Slightly off topic, but the three biggest 'structural' needs at the moment (imho):

  • liquidity pool large enough to insulate the market from significant moves into or out of the token
  • bridge to external exchanges (similar to what LeoFinance is providing for LEO and CUB)
  • better classification on the front end (to allow folks to browse and curate by topic, genre, etc.)

@trostparadox: POB saw some | Ecency