MultiversX Tracker is Live!

The lack of liquidity for Moons is concerning!!

All Cryptocurrencies

by COINS NEWS 54 Views

Liquidity is essential for any token as without it the token is essentially rendered worthless and what low liquidity in this case means that if a single moon whale decides they don’t hold any love for moons anymore can essentially tank the price and when that happens other holders follow suit.

Buying and selling is obviously a normal market process but with low liquidity this is a massive issue where all holders are basically reliant on whales to not simply dump all their holdings all together.

Additional issue are that only a couple of exchanges trade moons and only one of them which is a DEX (Sushiswap) has decent amounts of liquidity while the rest have very low liquidity with very high slippage.

submitted by /u/Kukuzahara
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑🟑🟑 Huobi🟑 Kucoin.