Tuesday, May 10, 2022 3:12:45 PM
the only thing that matters is market cap. i've said this repeatedly. buying a token for $5K market cap is insane, but so is $9K or $26K.
you can't buy a used car for that.
$513 is a $51.3K market cap. still kind of low, if people plan to hold.
but RNK is volatile, so it could pop and drop, repeatedly, until the holders overwhelm sellers. that's how all these SD tokens work, but the effect is amplified when supply is so tiny.
we had a SD token months ago with a supply of one token.
you can't buy a used car for that.
$513 is a $51.3K market cap. still kind of low, if people plan to hold.
but RNK is volatile, so it could pop and drop, repeatedly, until the holders overwhelm sellers. that's how all these SD tokens work, but the effect is amplified when supply is so tiny.
we had a SD token months ago with a supply of one token.
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