🚨 $SPACE claims $150M in pre-orders. Its market cap is $24M. 🤔
The token is down about 66% from its high and sits under every major EMA. Daily volume is just $368K, so almost nobody is trading it.
Pre-orders aren't revenue, and the network reportedly has only four small satellites in orbit. Most of the supply isn't circulating yet either.
Either the market is asleep on a real satellite business, or it's pricing in a story that hasn't been delivered. Until revenue shows up, I lean toward the second. 👀
Which side are you on? 👇
#CryptoTrading #SPACE #Spacecoin
DYOR | NFA
The token is down about 66% from its high and sits under every major EMA. Daily volume is just $368K, so almost nobody is trading it.
Pre-orders aren't revenue, and the network reportedly has only four small satellites in orbit. Most of the supply isn't circulating yet either.
Either the market is asleep on a real satellite business, or it's pricing in a story that hasn't been delivered. Until revenue shows up, I lean toward the second. 👀
Which side are you on? 👇
#CryptoTrading #SPACE #Spacecoin
DYOR | NFA