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

What encourages people to buy Moxie?

I am hesitant, it feels like just willingly being someone else's exit liquidity.

But, I also do not really understand coineconomics at all.

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That's true. I guess I am just spoiled. I was well positioned (getting 880k in the original airdrop and having an organic farscore of 3.4 on day 1), so I have been able to build a decent portfolio of fan tokens without ever buying any.

Sure well there are two types of reasons IMO

1) Speculation - price could go up a lot from here (could also go down more)
2) Utility - Moxie is needed to buy FTs when have their own types of utility, and boosting Farscore

Buying any asset really you are someone's exit liquidity. Generally speaking, for there to be a buyer - there also needs to be a seller