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Flying banners and burning tokens- a bright future for Moons?

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by COINS NEWS 106 Views

Flying banners and burning tokens- a bright future for Moons?

Hello Mooners,

recently I've made my first great (lucky) decision: buying some (not enough, as it shows). Soon after that banners were introduced and since then we can see them climb steadily.

Some Mooners seem to take profits (which I think isn't very smart considering what's happening):

https://preview.redd.it/jm9hgdt3kdla1.png?871&format=png&auto=webp&s=4dcf25e86aaa033cedcd142fc459038aece90b8d

As you can see, price is jumping before a banner appears - for obvious reasons. For a low-cap token like Moons, 7,000 Moons burned is very much. Right now, compared to Bitcoin, 7,000 Moons is an equivalent of ~$30M in Bitcoin (that's more than 1,280 BTC). Something most investors don't realize: a certain percentage of the daily trading volume will be sold later - not so burned tokens. They are gone, which has an even greater impact on the market.

So, where will that take us? There might even be another exchange listing Moons (pure speculation, but it's likely to happen). What do you expect to happen now? Are you taking profits?

By the way, I really love this sub, because it's not about a single project. We all know what happens to subs like Bitcoin or Safemoon. You taught me so much on this sub, I'll open a bottle of czech Budweiser and toast to you guys!

submitted by /u/pannnetone
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