$VELODROME, despite being listed on giants like Coinbase and Binance, is trading at a surprisingly low price. ๐ This has sparked whispers of a concentrated ownership structure, with rumors suggesting a single entity may hold a staggering 94% of the circulating supply. โ ๏ธ While these claims remain unverified, they certainly raise eyebrows. ๐คจ
For those who, like me, remember the ONDO saga, these whispers might sound eerily familiar. ๐ ONDO, initially dismissed as a "scam coin," experienced a meteoric rise from $0.20 to $1.20, and even touched $2 recently, defying early skepticism. ๐
Could $VELODROME be following a similar trajectory? ๐ค It's impossible to say for sure. ๐ฎ However, it's crucial to remember that past performance is not indicative of future results. โ ๏ธ
Here's what to consider:
Fundamental Analysis: Dive deep into $VELODROME's technology, team, and roadmap. ๐ Is the project solving a real-world problem? Does it have a competitive advantage?
Market Sentiment: Gauge the overall market sentiment towards $VELODROME. ๐ Is there genuine excitement and growing adoption, or is it primarily driven by speculation?
Risk Tolerance: Understand your own risk tolerance. โ ๏ธ Investing in cryptocurrencies inherently carries significant risk.
