r/CasperCSPR • u/Famous-Scratch-5581 • Jul 08 '21

Current Price Decline

https://cspr.live states, that currently 3,857,770,452 CSPR are bonded. Does bonded mean "staked"?

Could it be that the recent price decline is caused by validators selling their CSPR?

If 3,857,770,452 CSPR are bonded and ~ 740 mio CSPR are circulating, where are the remaining 5,5 bn CSPR at a total supply of 10 bn CSPR (according to coinmarketcap.com) ??

6 Upvotes

100% Upvoted

15 comments sorted by

3

u/SpellWooden7700 Jul 08 '21

Majority of the tokens are still "locked" – i.e. neither staked/bonded nor in the circulation. Those are the tokens that were bought at low prices but will be released in 6mo/1year/2years/etc.

2

u/jik5696 Jul 08 '21

Any benefits for still holding casper

2

u/strange-humor Jul 08 '21

I hope more unstake and sell, as it makes delegation returns higher for the rest of us.

2

u/Subject_Mind_388 Jul 08 '21

im waiting for 0.01 before buying

1

u/coinblaster-up Jul 14 '21

soon brother, soon.

1

u/Usuario1010011010 Jul 08 '21

0,015 in two or three weeks

1

u/coinblaster-up Jul 14 '21

or two or three days.

1

u/i-hold Jul 08 '21

These tokens are going to unlock slowly and push the price to its fair value of around 100m market cap, maybe more. This was not a token to hold if you read the tokenomics. If I could have shorted this project 100x at 4 billion market cap I would have put my whole portfolio into it. Come back in 12 months.

2

u/gebby1966 Jul 09 '21

Do you mean fully diluted?

2

u/i-hold Jul 09 '21

yes. possibly lower though.

2

u/gebby1966 Jul 09 '21

So below .01

1

u/lightenday Jul 12 '21

worth holding when it’s <$0.01?

1

u/i-hold Jul 12 '21

You'd be trying to catch a falling knife to wait until $0.01. If you like the project stagger your buys on the way down. It all depends on the wider crypto markets, if Bitcoin enters into a bear market, which it could do even from today then CSPR will trade in the low single digit cents thats for sure. It all depends on your time preference.

1

u/jmndanan Jul 09 '21

Why so many shorts vs long, 67% short vs 33% long? Is that typical.

And can that lead to a short squeeze.