$PONS This position has been oscillating for a long time too. If the r-chain hadn’t temporarily gone quiet, this bidding target likely would have broken to new highs again. However, when pons’s transmission site market has not been doing well, it has still consistently generated several hundred thousand in revenue to buy back and burn pons. Currently, over 30% has been burned, yet the actual market cap has not reached 630 million.
So regardless of the contract or the on-chain trend, the current situation is a consolidation-uptrend continuation pattern. Once the on-chain environment improves a bit, pons is likely to push toward breaking the 1 billion market cap. The current price around 0.63 is the best opportunity to set up a trap—its cost-performance ratio is quite high.
So regardless of the contract or the on-chain trend, the current situation is a consolidation-uptrend continuation pattern. Once the on-chain environment improves a bit, pons is likely to push toward breaking the 1 billion market cap. The current price around 0.63 is the best opportunity to set up a trap—its cost-performance ratio is quite high.