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Maretus
@maretus
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?
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Fibo / Scryptoguy
@fibo112358.eth
8-12K sounds like nothing compared to where Moxie could fly to
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Maretus
@maretus
Especially after watching higher over the last 2 months! 🤯
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