At this stage we have to think both says, that is what if the coin take an downward movement, because we have to put that also into consideration since most times, it is the opposite that happens in cases like this, because you may think that since the coin was able to move from $0.00001 to 0.00003 thinking that the price will continue to go in the upward direction, most of such reaction will leave the coin not being able to work, of the team making efforts to list on multiple excahges further push the value of the coin to decrease and not being able to recover but at the moment, the coin is doing great and we don't know the direction.
Correct. At the time of my writing, it has already crossed $0.00004, i.e.
4x since the tweet. Trajectory is amazing so far. But...
Liquidity is $600+Market Cap is $19000+It is too early to say the direction from here. But, a little research revealed that this token has upcoming relevant events. SEC sued Richard Heart for HEX & PulseChain on July 31, 2023, when this token was launched. It is more than a year now and it is gaining strength at every hearing. As memecoins are mostly event/narrative driven, this token has lots of relevant events in coming days to shape up its' narrative. Hence, I think, I'll just throw $100 expecting a 10000x return in 4 months.
Either I get $1M or nothing...with that low liquidity and market cap, 4x means nothing in my opinion, even the smallest whale could manipulate such market, the 4x probably just to lure people in and increase the liquidity from the vulnerable degens, but I won't call it a good trajectory at all.
even meme coin with 10000x of this market cap can rug, what's stopping this one.
investing in these kind of coin, i'd be more concerned if I can withdraw my money by dumping the liquidity when I want to because i'm sure within few months, there won't be any buy order left with this super low trading volume.
, i.e.
.
Both Liquidity & Market Cap are improving. I think, both should improve more in general...
But, I'll stand by what I said before...