#writetoearn #Radiant There is a project that you have expected a lot, boarded a lot, divided accounts a lot and cursed a lot 😅 that is RDNT token.
Currently, RDNT has dropped about 80% from its peak, created many new bottoms and cannot recover. I constantly see people not only in Vietnam but around the world calling it a scam and fraud, but is the project a scam? I think that's not really the case. So why don't prices increase?
- Last time, all Altcoins, not just RDNT, decreased by 50-85%.
-Although BTC increased to ATH, most of it was from the promotion fund so it did not flow from BTC to Altcoin and RDNT also suffered the same fate.
- As for RDNT itself, inflation, increased supply, and the way they pay rewards to attract and retain users will also make it impossible for prices to increase sharply.
-The project itself does not cooperate with venture capital funds, so it cannot drive prices to create fomo.
- The project itself has income from operations, so they will focus on retaining users and earning income, not pushing prices to sell.
- All that said, no MM will want to collect and push RDNT because the tokens are in the hands of the project and their relatives, not to mention everyone holds a lot but this season is full of diamonds so it's hard to shake off. yes. Thousands of cool projects. MM does not want to drive a project that the project itself does not want to combine and then divide the money between the project and the holders.
*** However, when Altcoin season comes, the price still increases because at that time, money, fomo and retail are flooded. But to what extent it can increase, we have to wait and see if their project has a good story, so the price will increase, or if they will make money. Otherwise, don't rely on MM to shock prices.