The world of cryptocurrency is vast and ever-changing. With new tokens and coins emerging daily, investors must stay informed and cautious. One token that has recently caught the crypto community’s attention is $TRB.
Gun, a Twitter user known as @Gunzjbass89, has labeled it as a “weekend scam pump.” He advises traders to wait and see if the token will fill its weekly gap and touch the trendline confluence before making any moves. He further compares its behavior to another token, Celo, calling it “Ponzi-like.”
ECOMI is another token that is pumping but many would disagree if we put it in the same scammy pumps category since it’s a legit project.
ECOMI’s OMI token stands out as a project with genuine utility. The token, deflationary by design, has a total supply of 750 billion, of which around 310 billion are in circulating supply. ECOMI has already initiated token burns, reducing the total supply over time.
The project is expected to introduce various burn mechanisms, including Bronze Tickets and conversions like OMI to NFTs and OMI to Gems, further enhancing its utility. Unlike other tokens, OMI is backed by the VeVe platform, allowing real-world applications. While the token has attracted attention from large holders, or “whales,” the community remains optimistic about its organic growth and long-term utility.
However, VeVeMeister warns investors about the presence of mega whales who own more than 1 billion tokens. These whales might sell their holdings eventually, affecting the token’s price. He emphasizes the importance of organic growth and the increasing utility of OMI, especially its integration into VeVe wallets.
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Show more +The crypto market is unpredictable, with prices fluctuating rapidly. While some tokens might seem promising, investors must research and stay updated. As the saying goes, “Don’t FOMO in; it will not just go up.”
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CaptainAltcoin’s writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
