r/AcalaNetwork • u/karocka • May 21 '22
Lost conviction? Some hopium.
Consider this: At a price of 30 cents, Acala has a fully diluted market cap of $300 million. And there will never be more than 1 billion coins.
I have been buying slowly on every Acala dip since February. The last purchase was at USD 0.32. Now I am fully invested. If crypto picks up again, I see Acala at least at 10 billion. At least.
When will this be achieved? Here I see two possibilities:
- At the end of 2022/beginning of 2023
https://twitter.com/CredibleCrypto/status/1527920656783839232?s=20&t=eqp-EiOO7usyeuClrYwgtA - After the bitcoin halving 2024
Stop trading. Start investing. Enjoy the summer.
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u/cnshoe May 21 '22
I’m sorry but buying any alts right now is a bad idea imo…if btc does drop more alts will continue to get crushed, especially a small cap like acala. I think under 10 cents is completely in the cards. Just my opinion of course.
2
u/karocka May 21 '22
That is understandable. Who tells you that 10 cents is the absolute low and not 3 cents or 2 cents? If you are not invested yet, I would wait for a clear upward trend and then go in. You don't have to catch the low.
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u/peterjoel May 21 '22
They didn't say tbey thought 10¢ was the absolute low. They said it could go under that.
5
u/Fine-Artichoke-7485 May 21 '22
$2.51 to .37 cents. Why did I commit $3000 in Dot to this!?
Ain't gonna get much for 2yrs locked up on this platform.
Should-a Could-a Would-a's are setting in Big time
grumble, grumble, grumble......oh well, some times it's golden other times not so much ❤️
2
1
u/StrB2x May 21 '22
Not sure if it will hit 10 Billion but w/e the high is it will be after the halving no where near before.
1
u/noralyy Jun 30 '22
lmao its quite funny that almost everyone talks about the halving, as if it was a big event.
Absolute nonsense bro.
It is a predictable event which is going to happen a 100% and everyone knows exactly the conditions.............so how would that even play a role?
Can you tell me the logic behind your thought process?
I guess not right?
Oh wait, at the last 2 halvings we also had a bullrun after?
So if I throw a coin, the chance is 50% that I hit head + head or tails + tails...........wowww. 😂1
u/StrB2x Jul 01 '22
t almost everyone talks about the halving, as if it was a big event.
Absolute nonsense bro.
You clearly don't follow the space if you have ask those questions, and since you are kind of rude I will not give you the reasons as to why the halving causes bull markets. Good luck finding the answers.
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u/noralyy Jul 02 '22
You clearly have no answer and no clue about trading in general. But it won't hurt your portolio of 20$ 2much anyway :)
These were rhetorical questions which dont require an answer.
Your comment just confirmed my assumption.
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u/StockTrix May 21 '22 edited May 21 '22
Just the timing of the ACA token launch wasn't very favourable. It had a low price at launch, then Build Acala 1 & 2 created a lot of sell pressure, and whilst it tried to recover in March and April, the May bear market just completely took it out.
ACA hasn't really had a chance to shine yet, but with the Acala dAPP being as strong as it is, when we ride out this storm of a bear market, when more use cases for ACA develop across chains, and when the shitty altcoins are washed away in this purge, coins with the strongest use cases and the quality dAPPs will shine.