The opening situation of Nil tonight is similar to what I predicted.
The opening price was around 0.9, and it stayed in the range I predicted for quite a while. However, at first, the airdrop released tokens, so I didn't get to touch 1 dollar.
But then, as the main force of the airdrop gradually arrived on the battlefield, and with the shorts steadfastly shorting, the -2% maximum rate persisted almost from the first minute of opening until now, an hour later, when it finally dropped to -1%. The token price retreated from 0.9+ all the way down to 0.67, once again benefiting the shorts.
In a previous post, I specifically mentioned the issue of airdrop ratio, with 3.5+9.12=12.62% of chips. Based on an opening market value close to 200M, that means there is a selling pressure of 25M, not including the market makers' part, so it is highly likely that it will be difficult to hold.
However, $Nil has performed noticeably better than the previous few, as we can clearly see that at 0.9+ and 0.8+, resistance and testing were organized, without a straightforward collapse. Currently, it has stabilized around 0.69+, and the shorts have also closed half of their positions.
The current price has a circulating market value of 134 million, with a total market value of 690 million. It feels like the cost-performance ratio is getting better and better. If it drops further, I’m preparing to buy a little.
The opening price was around 0.9, and it stayed in the range I predicted for quite a while. However, at first, the airdrop released tokens, so I didn't get to touch 1 dollar.
But then, as the main force of the airdrop gradually arrived on the battlefield, and with the shorts steadfastly shorting, the -2% maximum rate persisted almost from the first minute of opening until now, an hour later, when it finally dropped to -1%. The token price retreated from 0.9+ all the way down to 0.67, once again benefiting the shorts.
In a previous post, I specifically mentioned the issue of airdrop ratio, with 3.5+9.12=12.62% of chips. Based on an opening market value close to 200M, that means there is a selling pressure of 25M, not including the market makers' part, so it is highly likely that it will be difficult to hold.
However, $Nil has performed noticeably better than the previous few, as we can clearly see that at 0.9+ and 0.8+, resistance and testing were organized, without a straightforward collapse. Currently, it has stabilized around 0.69+, and the shorts have also closed half of their positions.
The current price has a circulating market value of 134 million, with a total market value of 690 million. It feels like the cost-performance ratio is getting better and better. If it drops further, I’m preparing to buy a little.
