Only those who invested their own money directly in this coin are suffering; those participating for the rewards are likely not. Few people view reward participants with a critical eye. Why? Because they didn’t invest their own money.
Even now, selling pressure on the reward coins continues, and there is no new inflow. Their distribution policy has failed over the past two years. Due to a lack of demand for the oversupply, the price dropped from 1,600 won to 60 won. However, another 20% of the supply will be released this coming May. Structurally, this coin cannot rise any further. Can you refute this? The project’s performance and the price are moving inversely to each other. The only uses for this coin are governance voting and staking. Can this coin really rise?
The problem is that I have tried writing comments, sending emails, and posting articles, but no matter how much I rant, nothing changes. I invested my own money based on this company’s vision, but honestly, it is truly difficult. What is even more grim is my concern about how low the price will drop and whether this project will disappear. What good does it do to buy back the coins at a level that is very small relative to the market capitalization?
As shareholders who naturally bought this coin, can’t I even make such a demand? If you are reading this, come up with a realistic plan to raise the price.