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Did you miss out on a huge fortune with cel?
I used to think that the market capitalization should be at least several hundred million US dollars, and I didn't research whether the so-called destruction of 94% of the tokens was a proposal or has already been destroyed, so when the news came out, I naturally felt that it should just be a hype and such a high market capitalization is difficult to sustain. Then it exploded...
Just now I was curious to study, only to find out that the market cap of the pump I lost was only over 5 million... Isn't this the same as the standalone disk of the local dog?
Most importantly, in September 23, it was already determined that 94% of the tokens will be destroyed on April 30, which means that as long as the large investors or dealers who pay attention have enough time to accumulate for more than half a year, the actual circulation accumulation cost of several million is very small. After the project party destroys it, it means that CEL has no external selling pressure at all, and becomes a fully circulating token with only a market capitalization of several million. In addition, with some dealer's accumulation, the actual chips in the hands of retail investors are even fewer, estimated to be less than a meme token, but OKEx, which is considered to have a relatively large amount of market value, also has the inherent buff bonus and overwhelming external news flow, so it is quite reasonable to have a big pull...
Well, I can only say that prejudice cost me a chance. If I had done my research beforehand, I would have found an entry point to get on board at any time.
The current actual circulation of CEL is about 40.6 million, with a price of around 0.9u, which means it has reached a market capitalization of 40 million. Do you think 40 million is expensive?