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Is $STRK the largest scam of the year?
Well, we are just in the 2nd month of the year and we might see even worse, unfortunately.
So, why does STRK qualify as a SCAM? The facts! Here they are:
1. Just before the listing, Starknet started its distribution of 728 million STRK tokens to about 1.3 million wallets. This move is already being dubbed the largest airdrop of the year. The average per wallet is 560 tokens which means that in reality, some people received a huge number of free tokens.
2. The circulating supply is... 728 million tokens, meaning that all those freely acquired tokens are in (huge) profit, ready for sale as soon as possible.
3. The listing price is the real problem. Why a token distributed for free is listed at an opening price of around $3? The fully diluted market cap was in a misleading way set to $30B when the real price of free tokens is, actually, $0 until the market decides for their real value. A listing price below $1 or less should be the norm for new tokens. Even BTC didn't start at $1.
4. Starknet will be unlocking STRK coins every month for the next 31 months starting from April. There are 10 billion of them in total. Will the market cap be $30 billion by then? Even if that's the case, what's the point of paying today for a hypothetical achievement in 2.5 years?
Conclusion: It was obvious the price was going to dump hard because the opening price was way too inflated. A listing price below $1 or less should be the norm for new tokens. Even BTC didn't start at $1.
Now the circulating supply is 728 million. Does STRK deserve that valuation and that much money into that project? We will know shortly but for now, buying at the opening price or more was not the best idea.
Disclaimer: This is no financial advice but a summary and comment based on the research I did.
$BTC $STRK
Well, we are just in the 2nd month of the year and we might see even worse, unfortunately.
So, why does STRK qualify as a SCAM? The facts! Here they are:
1. Just before the listing, Starknet started its distribution of 728 million STRK tokens to about 1.3 million wallets. This move is already being dubbed the largest airdrop of the year. The average per wallet is 560 tokens which means that in reality, some people received a huge number of free tokens.
2. The circulating supply is... 728 million tokens, meaning that all those freely acquired tokens are in (huge) profit, ready for sale as soon as possible.
3. The listing price is the real problem. Why a token distributed for free is listed at an opening price of around $3? The fully diluted market cap was in a misleading way set to $30B when the real price of free tokens is, actually, $0 until the market decides for their real value. A listing price below $1 or less should be the norm for new tokens. Even BTC didn't start at $1.
4. Starknet will be unlocking STRK coins every month for the next 31 months starting from April. There are 10 billion of them in total. Will the market cap be $30 billion by then? Even if that's the case, what's the point of paying today for a hypothetical achievement in 2.5 years?
Conclusion: It was obvious the price was going to dump hard because the opening price was way too inflated. A listing price below $1 or less should be the norm for new tokens. Even BTC didn't start at $1.
Now the circulating supply is 728 million. Does STRK deserve that valuation and that much money into that project? We will know shortly but for now, buying at the opening price or more was not the best idea.
Disclaimer: This is no financial advice but a summary and comment based on the research I did.
$BTC $STRK
Binance confirms seizing Palestinian assets on request by the occupation.
Under the pretext of labeling the resistance as terrorists, the occupation has requested that binance freezes Palestinian accounts which it did.
Richard Teng, CEO of Binance, confirmed the seizure claiming that they have to comply with Western laws which arm and support the occupation.
While a genocide is openly committed before our eyes, on the political side these moves are direct strikes against human-kind by obscure organizations that aim to control all and everything.
Because of exchanges like Binance that will do everything to comply with these organizations, the purpose of crypto is defeated. Just like the besieged Palestinians are being openly slaughtered, crypto has been trapped in centralized exchanges that will betray for recognition.
And there is no remorse or consideration for human dignity, it's just zealous submission. Binance received a request they hastily complied.
$BTC $ETH $SOL
Under the pretext of labeling the resistance as terrorists, the occupation has requested that binance freezes Palestinian accounts which it did.
Richard Teng, CEO of Binance, confirmed the seizure claiming that they have to comply with Western laws which arm and support the occupation.
While a genocide is openly committed before our eyes, on the political side these moves are direct strikes against human-kind by obscure organizations that aim to control all and everything.
Because of exchanges like Binance that will do everything to comply with these organizations, the purpose of crypto is defeated. Just like the besieged Palestinians are being openly slaughtered, crypto has been trapped in centralized exchanges that will betray for recognition.
And there is no remorse or consideration for human dignity, it's just zealous submission. Binance received a request they hastily complied.
$BTC $ETH $SOL
US ambassador leads boycott of Nagasaki atomic bombing ceremony
A boycott led by the US ambassador to Japan drew focus away from the official ceremony marking the 79th anniversary of the atomic bombing of Nagasaki. Rahm Emannuel and several European ambassadors skipped the event over Japan’s exclusion of Israel based on ‘security’ concerns.
A world of nonsense. Japan which is the only country that was nuclear bombed hold ceremonies to mark the event and invite the perpetrators which are now its allies 🤐
$BTC $ETH $SOL
A boycott led by the US ambassador to Japan drew focus away from the official ceremony marking the 79th anniversary of the atomic bombing of Nagasaki. Rahm Emannuel and several European ambassadors skipped the event over Japan’s exclusion of Israel based on ‘security’ concerns.
A world of nonsense. Japan which is the only country that was nuclear bombed hold ceremonies to mark the event and invite the perpetrators which are now its allies 🤐
$BTC $ETH $SOL
Why the Move by Japan to Increase Its Interest Rates Has a Wider Impact Than One Can Imagine?
Japan increased its interest rate to 0.25% on Wednesday, July 31, 2024.
The rate had been near zero for decades as Japan was fighting deflation.
But this time, the Bank of Japan wants to strengthen the yen against the dollar. Most of its imports, like oil and food, are paid in USD.
By increasing its interest rate, Japan aims to make the yen more attractive to investors. The yen rose sharply before and after the decision.
This move again puts pressure on the USD, as Japan is one of the biggest foreign holders of US debt.
The high interest rates in the US had already put a lot of pressure on Japan, which for months now has been reducing its acquisition of US bonds.
The American Federal Reserve’s decision to maintain its interest rates unchanged forced the Bank of Japan to take action, sending a negative signal to the world.
Japan also has one of the highest debt-to-GDP ratios at 263%. This high public debt, mainly held locally, was manageable while interest rates were near zero. But as interest rates increase, the impact of this debt might become a heavy burden on Japan's shoulders.
The accumulation of negative signals is testing investors nerves especially when in response or taking advantage of the situation, big names are going all out bearish.
#MarketDownturn
$BTC $SOL $BNB
Japan increased its interest rate to 0.25% on Wednesday, July 31, 2024.
The rate had been near zero for decades as Japan was fighting deflation.
But this time, the Bank of Japan wants to strengthen the yen against the dollar. Most of its imports, like oil and food, are paid in USD.
By increasing its interest rate, Japan aims to make the yen more attractive to investors. The yen rose sharply before and after the decision.
This move again puts pressure on the USD, as Japan is one of the biggest foreign holders of US debt.
The high interest rates in the US had already put a lot of pressure on Japan, which for months now has been reducing its acquisition of US bonds.
The American Federal Reserve’s decision to maintain its interest rates unchanged forced the Bank of Japan to take action, sending a negative signal to the world.
Japan also has one of the highest debt-to-GDP ratios at 263%. This high public debt, mainly held locally, was manageable while interest rates were near zero. But as interest rates increase, the impact of this debt might become a heavy burden on Japan's shoulders.
The accumulation of negative signals is testing investors nerves especially when in response or taking advantage of the situation, big names are going all out bearish.
#MarketDownturn
$BTC $SOL $BNB
There are possibilities that $BTC goes even lower.
BTC is now bloated by big institutions and states that can dump very large amounts.
Why does the market keeps following BTC? There are better alternatives in many aspects.
$BNB
$SOL
BTC is now bloated by big institutions and states that can dump very large amounts.
Why does the market keeps following BTC? There are better alternatives in many aspects.
$BNB
$SOL
Why do people only swear by $BTC ???
If #BTC goes up, people invest on some altcoins, and when it goes down, the whole market crashes. This is nonsense. 🤷
Basically the market is 100% emotionally driven. As soon as there is a news that can affect BTC in a way or the other, the whole market will blindly follow. 🤦
Some people claim that meme coins have no utility but there are enough meme coins in the top 20 to acknowledge their high value in the crypto market.
If those so called useful tokens are so useful why do they crash even more than meme coins when #BTC goes down? Their usefulness should speak for them.
The #BTC dependance is irrational and killing the crypto sphere.
#BullorBear #altcoins
$SEI $SOL
If #BTC goes up, people invest on some altcoins, and when it goes down, the whole market crashes. This is nonsense. 🤷
Basically the market is 100% emotionally driven. As soon as there is a news that can affect BTC in a way or the other, the whole market will blindly follow. 🤦
Some people claim that meme coins have no utility but there are enough meme coins in the top 20 to acknowledge their high value in the crypto market.
If those so called useful tokens are so useful why do they crash even more than meme coins when #BTC goes down? Their usefulness should speak for them.
The #BTC dependance is irrational and killing the crypto sphere.
#BullorBear #altcoins
$SEI $SOL
#DOKY is back to the nines!
After a great start $DOKY experienced significant drawbacks. The kind of drawbacks that led many to give up the ship. Many projects fail after a few days but $DOKY on the contrary kept going forward and built a solid and engaged community that pushes it to new highs.
Additionally, today a great news boosted the momentum and DOKY's bullish trend: the community is taking over the project and @CRYPTO MECHANIC is joining as the new CTO.
The positive effect are immediately visible as DOKY gained 100% in a few hours. The price is still very very affordable and the potential is huge as DOKY is a unique meme coin on Solana.
#DOKY is starting a new journey with a new leadership and a community motivated like never before 🚀
https://donkeykingsol.xyz/
#LowCapGem #CommunityDriven
$BTC $BNB $XAI
After a great start $DOKY experienced significant drawbacks. The kind of drawbacks that led many to give up the ship. Many projects fail after a few days but $DOKY on the contrary kept going forward and built a solid and engaged community that pushes it to new highs.
Additionally, today a great news boosted the momentum and DOKY's bullish trend: the community is taking over the project and @CRYPTO MECHANIC is joining as the new CTO.
The positive effect are immediately visible as DOKY gained 100% in a few hours. The price is still very very affordable and the potential is huge as DOKY is a unique meme coin on Solana.
#DOKY is starting a new journey with a new leadership and a community motivated like never before 🚀
https://donkeykingsol.xyz/
#LowCapGem #CommunityDriven
$BTC $BNB $XAI
#DOKY made a new friend: #MusCat
The good news is that $MusCat for their thunderous debut had promised an airdrop in exchange of some re-tweets and likes. And they delivered 🥳
I followed many fake posts on X that promised airdrops but never received anything. 🤣
It's the first time I get an airdrop so it's a special occasion to share. 😁
By the way #MUSCAT community increased rapidly in a few hours. It was a great start and we wish them all the best 👍
It's not over though there are still ways to participate and one of them is to hold at least 500,000 #DOKY which will grant you half the number in $MUSCAT.
As always DYOR
$BTC $ETH $SOL
The good news is that $MusCat for their thunderous debut had promised an airdrop in exchange of some re-tweets and likes. And they delivered 🥳
I followed many fake posts on X that promised airdrops but never received anything. 🤣
It's the first time I get an airdrop so it's a special occasion to share. 😁
By the way #MUSCAT community increased rapidly in a few hours. It was a great start and we wish them all the best 👍
It's not over though there are still ways to participate and one of them is to hold at least 500,000 #DOKY which will grant you half the number in $MUSCAT.
As always DYOR
$BTC $ETH $SOL
#DOKY after a new ATH $DOKY was hit after the new listing. The community is holding strong and $DOKY has already nicely recovered. This is a sign of a good health. 👍👍👍
#HiddenGems #BePrompt #BullRunAhead
$BTC $ETH $BNB
#HiddenGems #BePrompt #BullRunAhead
$BTC $ETH $BNB
Hey Guys!
#DOKY has a new friend #Muscat
By holding at least 500,000 DOKY in a Solana wallet, you will receive half the amount you are holding in free $Muscat airdrop 🥳
Plus there is an additional airdrop campaign going on at $Muscat on X.
$Muscat is not launched yet so don't buy any copies. You already know where to find $DOKY 👍
#BePrompt #LowCapGem #BullOrBear
$BTC $SOL $SUI
#DOKY has a new friend #Muscat
By holding at least 500,000 DOKY in a Solana wallet, you will receive half the amount you are holding in free $Muscat airdrop 🥳
Plus there is an additional airdrop campaign going on at $Muscat on X.
$Muscat is not launched yet so don't buy any copies. You already know where to find $DOKY 👍
#BePrompt #LowCapGem #BullOrBear
$BTC $SOL $SUI
Instead of reading useless stories about pizzas, forget about the past and check #DOKY
#BePrompt #LowCapGem #BullorBear
$BTC $NOT $SUI
#BePrompt #LowCapGem #BullorBear
$BTC $NOT $SUI
I wrote about #DOKY previously. But you may wonder what makes this trendy coin interesting?
Yes, You can't afford to shrug when you hear $DOKY.
1/ It's a new coin that quickly gained momentum. You can still join the trend and benefit like an early adopter.
2/ The market cap is still low at $3 million. The team launched the coin from the ground up. It's a community project. People who join benefit from it. There are many new projects in Binance listed with a fake market cap in billions. People paid the dev. an exorbitant price for a new coin. On the contrary, DOKY starts at a very affordable and promising price. You are investing for potentially very high return.
3/ The number of tokens in total and in circulation are known and definitive: 8.67 billion coins and that's all. No surprises, no treacherous monthly unlocks, no new releases. How many projects you invested in only to see unlocks dump the price to the bottom? This can't happen with #DOKY .
4/ OK but can DOKY reach $1? The answer is yes. The coin count is 8.67 billion, which means at $1 the market cap would be $8.67 billion. Yes it would be a great achievement and DOKY is still in its infancy but technically it's possible. How many other meme coins available in trillions have you seen being promoted as targeting $1 when it's simply impossible? A lot. DOKY can cut 0s and already did, it is at a very interesting market cap and if it becomes a successful project, it can reach $1 or even more.
To sum up #DOKY can do x2, x5, x10, x50, x100, x1000, x4000 because its market cap is still very affordable. You invest in a project that is gaining popularity and maturity with a number of coins in total still reasonable.
=> A point I haven't mentioned is security. There are independent reviews of DOKY code with all flags to green. Binance's Web3 has also a security evaluation of the coin that you can check. Other website offer to check projects like DOKY. On top of that DOKY has already climbed many steps and has been listed on CMC, a DEX and others. DYOR
#DokyMeMe #LowCapGem
$BTC $SEI $NOT
Yes, You can't afford to shrug when you hear $DOKY.
1/ It's a new coin that quickly gained momentum. You can still join the trend and benefit like an early adopter.
2/ The market cap is still low at $3 million. The team launched the coin from the ground up. It's a community project. People who join benefit from it. There are many new projects in Binance listed with a fake market cap in billions. People paid the dev. an exorbitant price for a new coin. On the contrary, DOKY starts at a very affordable and promising price. You are investing for potentially very high return.
3/ The number of tokens in total and in circulation are known and definitive: 8.67 billion coins and that's all. No surprises, no treacherous monthly unlocks, no new releases. How many projects you invested in only to see unlocks dump the price to the bottom? This can't happen with #DOKY .
4/ OK but can DOKY reach $1? The answer is yes. The coin count is 8.67 billion, which means at $1 the market cap would be $8.67 billion. Yes it would be a great achievement and DOKY is still in its infancy but technically it's possible. How many other meme coins available in trillions have you seen being promoted as targeting $1 when it's simply impossible? A lot. DOKY can cut 0s and already did, it is at a very interesting market cap and if it becomes a successful project, it can reach $1 or even more.
To sum up #DOKY can do x2, x5, x10, x50, x100, x1000, x4000 because its market cap is still very affordable. You invest in a project that is gaining popularity and maturity with a number of coins in total still reasonable.
=> A point I haven't mentioned is security. There are independent reviews of DOKY code with all flags to green. Binance's Web3 has also a security evaluation of the coin that you can check. Other website offer to check projects like DOKY. On top of that DOKY has already climbed many steps and has been listed on CMC, a DEX and others. DYOR
#DokyMeMe #LowCapGem
$BTC $SEI $NOT
#DOKY ANOTHER STEP FORWARD!
DONKEY KING DOKY.
It is already possible to get $DOKY via Binance's Web3 Wallet. $DOKY will eventually arrive in Binance. For now it has been listed on a centralized exchange where deposits are open. The trade DOKY/USDT will open on the 17th of May 2024 at 09:00 UTC. 👌
#DOKY is a low cap meme coin on Solana. It was launched a few days ago and it's gaining traction and popularity.
There are not trillions of DOKYs, there are only 8.7 billion!
DYOR
#Lowcapgem #BePrompt #memecoin🚀🚀🚀
$BTC $BNB $ETH
DONKEY KING DOKY.
It is already possible to get $DOKY via Binance's Web3 Wallet. $DOKY will eventually arrive in Binance. For now it has been listed on a centralized exchange where deposits are open. The trade DOKY/USDT will open on the 17th of May 2024 at 09:00 UTC. 👌
#DOKY is a low cap meme coin on Solana. It was launched a few days ago and it's gaining traction and popularity.
There are not trillions of DOKYs, there are only 8.7 billion!
DYOR
#Lowcapgem #BePrompt #memecoin🚀🚀🚀
$BTC $BNB $ETH
TO MEME OR NOT TO MEME, THAT IS THE QUESTION!
Some people want to think that influencers are knowledgeable and give them the truth. But the truth that those people don't want to admit is that their favorite influencers are mainly ignorant and uneducated people just like themselves. Others are paid or have interest in promoting a coin.
I am not saying I am better than any other, I'm just saying that like many others I am mainly expressing my point of view and that point of view may change. For instance, back in October, I was only looking for projects and avoiding meme coins. It worked for a while, then there was a bull run associated with BTC's new ATH and memes outperformed everything. So I looked into it and understood that people liked memes because they were simple, easy to adopt and promote and most importantly they offered high return on investment.
At the end of the day, you can read an article here and there but the most important thing is that you learn to forge your own opinion. I always explain how I see things. This gives you the opportunity to learn and understand how to analyze a situation. However, the market is the market and it may go wherever it wants.
#Memecoins #altcoins #BestProjects #DYOR!!
$BTC $BNB $ETH
Some people want to think that influencers are knowledgeable and give them the truth. But the truth that those people don't want to admit is that their favorite influencers are mainly ignorant and uneducated people just like themselves. Others are paid or have interest in promoting a coin.
I am not saying I am better than any other, I'm just saying that like many others I am mainly expressing my point of view and that point of view may change. For instance, back in October, I was only looking for projects and avoiding meme coins. It worked for a while, then there was a bull run associated with BTC's new ATH and memes outperformed everything. So I looked into it and understood that people liked memes because they were simple, easy to adopt and promote and most importantly they offered high return on investment.
At the end of the day, you can read an article here and there but the most important thing is that you learn to forge your own opinion. I always explain how I see things. This gives you the opportunity to learn and understand how to analyze a situation. However, the market is the market and it may go wherever it wants.
#Memecoins #altcoins #BestProjects #DYOR!!
$BTC $BNB $ETH
I have been posting about #DOKY lately. I usually don't post about coins and I haven't been personally asked to post about $DOKY.
Then why?
Simple. Some days ago, I saw a post about DOKY, I was curious, I checked. Since I was interested, I followed it a bit and finally decided to sell my tokens at a loss and buy $DOKY. Untill now it has been the best trade I made in months.
Of course you have to do your own research but the reason I'm letting you know is because $DOKY is moving fast and steady: next week it will be listed into a Centralized Exchange.
As #DOKY is rising and proving itself, I feel I can share more about it. DYOR!
$BTC $PEPE $JTO
#HiddenGems #BePrompt #Lowcapgem
Then why?
Simple. Some days ago, I saw a post about DOKY, I was curious, I checked. Since I was interested, I followed it a bit and finally decided to sell my tokens at a loss and buy $DOKY. Untill now it has been the best trade I made in months.
Of course you have to do your own research but the reason I'm letting you know is because $DOKY is moving fast and steady: next week it will be listed into a Centralized Exchange.
As #DOKY is rising and proving itself, I feel I can share more about it. DYOR!
$BTC $PEPE $JTO
#HiddenGems #BePrompt #Lowcapgem
Donkey King: #DOKY #YouWantToBeAware 👀
Have you been following along lately? You could already purchase $DOKY using Binance's Web3 Wallet. That's all? No !
While many are struggling, the stubborn and robust #DOKY continues to move forward!
$DOKY will soon be listed on another centralized exchange. This adds to its reach and yours 👌
This is a new step for the promising $DOKY. You can watch for later or grow along with $DOKY! Do Your Own Research.
Stay tuned for more updates!
https://donkeykingsol.xyz/
#HiddenGems #BePrompt
$BTC $BNB $ETH
Have you been following along lately? You could already purchase $DOKY using Binance's Web3 Wallet. That's all? No !
While many are struggling, the stubborn and robust #DOKY continues to move forward!
$DOKY will soon be listed on another centralized exchange. This adds to its reach and yours 👌
This is a new step for the promising $DOKY. You can watch for later or grow along with $DOKY! Do Your Own Research.
Stay tuned for more updates!
https://donkeykingsol.xyz/
#HiddenGems #BePrompt
$BTC $BNB $ETH
Donkey King : $DOKY
#HiddenGems
Did you know that surprising information?
May 8 is World Donkey Day 🥳
World Donkey Day is celebrated on May 8 every year. It is a day dedicated to recognizing the donkey and bringing attention to their many amazing characteristics.
https://donkeykingsol.xyz/
#AltSeasonOnTheWay #BULL-RUN #BePrompt #Lowcapgem
$BTC $SOL $BNB
#HiddenGems
Did you know that surprising information?
May 8 is World Donkey Day 🥳
World Donkey Day is celebrated on May 8 every year. It is a day dedicated to recognizing the donkey and bringing attention to their many amazing characteristics.
https://donkeykingsol.xyz/
#AltSeasonOnTheWay #BULL-RUN #BePrompt #Lowcapgem
$BTC $SOL $BNB