The Success Syndicate

There’s a lot of talk right now about Moxie prices and sentiment. There is a misconception that the project is facing heavy sell pressure but when you actually look at the numbers, that’s not the case.

Order volume has been low, and while there have been more sells than buys, the difference is pretty minimal—like 8-12K/day. It’s not a huge wall of red, instead just a small gap.

In other words, I don’t think there is as much to worry about here as it looks like. Yes, price is currently in the shitter, but I don’t think it always will be. The /airstack team is working on features that should increase demand on the buy side. On top of this, Moxie is being heavily integrated into the rest of the Farcaster ecosystem. It’s only  matter of time. How much time is the question. What’s your time horizon?

An increase of $8k - $12k USD of Moxie buy pressure is all it takes for the price trend to reverse

thats it
thats not much friends

Moxie maxi • solidity dev • prev mechanical engr • EVMav#1256 • we all die - the goal isn't to live forever, the goal is to create something that will

Why is this considered a good thing? (Not asking in a sassy way)

I am a wealth of knowledge - unfortunately my knowledge is useless | Game Designer | /sands-of-sumaii

Ah that's interesting - moxie has higher lock rate than eth?

I'm assuming there's a bunch of other variables to that, but still interesting to think about

This is an indicator of how much the asset is being used in a productive way within the ecosystem. 

So ETH that is staked or in DeFi is being used in a productive way, earning yield for users, and therefore it is less likely to be sold.

Same case for Moxie, but it has an even higher locked rate, which most would consider to be bullish