I have mentioned it to you guys before. That $ETHFI $BOME are serious pieces. Especially #ETHFI , so I will just give you a quick and concise break down of it's market.
1. Do you know that before listing it was trading at an average of 5.4$ , some people bought it far higher than that(even though they are few) according to the statistical data.
2.On Kucoin, the least price was during the presale was 5.52$ and they only offered 100$ of it. The next least was 600$ worth which offered it at 5.56$ ,then it was $5.6.
3. It was launched during the time when BTC and the ecosystem was experiencing a huge downturn. Mainly due to Larry Fink and his Black rocks move towards RWA.
4. When BTC had a free fall from $68k to $62k in a matter of hours #ETHFI used virtually a whole 30 hours to move from 3.5$ to 3.1$. What a remarkable feat.
5. And to make things more interesting some of the guys panicked-sold. But with all these headwinds it still struggled to go down to 3.1$. This tells you that so many people :
1. Believe in this project.
2. Have invested much into it.
3. Can see the true potential of the project.
4. Believe that with the impact this project is set to have on the ecosystem, it is worth their hold. So they held and refused to trade at just any price. No matter the what.
I don't personally like long writs so I will pause here. But will release series of articles to clarity all the above points and how they affected the price of $ETHFI . Also what caused the free fall of #BTC.
....
