What happen to this project? It has a decent volume but the price has been dump big time.
Started at 844 sats
https://coinmarketcap.com/currencies/essentia/#charts and now trading at 40 sats, that's a big time loss.
Do you think this token can still recover in the long run?
Trying to add some tokens which are cheap now, I might include this one if I can find a better info about its chances.
If you look more carefully, there is no information how much marketcap nor circulating supply from CMC. From the chart also you can see if the price
always keept lower and lower than before which mean this token is nearly dead (no offense).
I think its worthwhile waiting for the mainnet release before pronouncing the token dead or even nearly dead. As the mainnet is released and token utility is added, the usefulness of the token should be realized. Marketcap is one metric but in bear market conditions, consolidated with FUD, the current token price is not the only way to consider the value the token.
Im agree with you that until mainnet tokens don't have liquidity. But this team not honest at all. This is their contract adress:
https://ethplorer.io/address/0xfc05987bd2be489accf0f509e44b0145d68240f7Total tokens: 1,755,313,373.00 ESS
They said that only 670 mln tokens in circulating but why only 653,397,032.85495 ESS left on their wallet?
1,755,313,373.00 ESS - 653,397,032.85495 ESS = 1,101,916,341 ESS tokens in circulation! More than 1 billion instead 670 mln! And a lot of tokens were moved in November...
https://ethplorer.io/address/0xb33532656433f4eca3782f6b20298d1424d1f2cfhttps://ethplorer.io/address/0xfc05987bd2be489accf0f509e44b0145d68240f7#tab=tab-holdersHow we can be sure that this team will not scam us again when launched maiinet and created trillions coins?