🔸so we have the karura token on the ksm network that i believe is a test token and was for the last year a bit low. and on 24th a nov 2024 it's at 0$ now. now instead of asking what happened for the last year. i want to know how will it happen since this token was 800$ when i bought it.
now why hasn't it gone to 50$ yet.
my thoughts are the following:
-put in dumb money in it from everyone.
-pumping these in front of higher prices.
-from which higher prices followed.
-now the big whales will go to the next token until this price reaches 600$ or something close. they're dump all their other tokens and create new tokens in front of everyone. this is exactly how they do it all the time
this token has the right supply for 800.000.000$ marketcap because there are only 10.000.000 kar tokens and the marketcap is 300 million so price will follow to high numbers. at the end of the day the whales want to keep that token.
-for this token we need the other kdots to realize what we have in our hands
i believe they made big mistakes with to many ido and too much hype on each ido.
they need a reset system to keep the users on and they need high rewards for the people.
-karura has a 10% percent yearly reward in staking. i hope kusama and polkadot will do the same with staking
this is what i see in akar token
now everybody will say i'm crazy for writing this, but you are not long enough in the space. the space is not the same as in 2020 and 2021. now they play a bit differently with the new tokens
so tell me what is next for akar token