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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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yjx278
@yjx278.eth
Moxie promote is around the corner! that is one of the new utilities that will bring demand for moxie who knows what else the team has in store for us
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Maretus
@maretus
Agreed! And that’s just the first iteration of it. They will be iterating on other advertising options im sure. Moxie is at the protocol level for a reason.
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