A friend of mine sent me coin chart of a new token listed today called eigenpie, apparently the token just newly got listed and there was a fake dump on Bitget where the downtrend wick was long falling from over $50 to $3.5 I was really curious to know what token fell that hard and why? The last time we saw tokens fall that hard so quickly was either a controversy or a hack, turns out the token just listed newly and the long wick was fake probably from the exchange’s mistake or fault.
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I checked the tokenomics of this token and its total supply is 10 million, that’s too low, lower than bitcoin, it’s circulating supply is 2 Million, and the price at the time I saw it was $3.5 that is pretty decent considering the supply. This is a token I am little confident in that will be over two to three digits in price. I told my friend this is the reason I will be bullish on this project, and he told me how am I still being hopeful in the bullish potential of crypto. He has given up on the crypto bullish cycle, I told him I am still hopeful on the bull run.
In a crypto world of hope when there is a bull market, there is going to be a bear market later, and vice versa. We are all gambling in this space and most times all we need to have is hope.