I’m honestly not entirely sure why $degen is back to $0.01? 

I don’t feel like enough has changed for the worse to warrant a 100% drop in price? 

Anyone want to chime in?

Demand: 10.000 degen to tip 

Problem:
- Demand only by big accounts on farcaster because otherwise allocation worthless

- as price drops, demand for allowance goes down, willingness to hold even 10k evaporates 


- so only demand comes from speculative buyers which is plenty during hype, but periods like now: uh oh

Solution:
- create a reason to hold more than 10k DEGEN

- like I suggested before, make PART of allocation depend on amount staked 

Why?

1. Makes people keep way more of their airdrops to stake for more allocation

2. Even non influencers will be able to get a good allocation by buying and holding more = super good, way more demand

3. People will be effectively trying to buy more than eachother which is way healthier than it is now: 

Get airdrop, dump everything or everything but the 10k to hold, why would you hold if you’re not bullish? 

If you get allocation, many that are not longterm bullish would still hold a lot, because of the benefits allocation provides for account growth

In crypto since 2016 | Nature Photograpy | Experimental art using creative coding | Don't take my casts to serious

Completely agree with you
You said it all