We decided to cash out yesterday at 0.018 because of the hype and the mcap.
📍Yes I made a lot of profits on this cryptocurrency. And thank-you Tama team for setting up something nice with a good idea (no inflation, but instead deflationary aspect)
Probably good working game too..
But one thing we shouldn't forget: it's simple. Simple game. Simple nfts. It's fun. But top 100-200 cryptocoins fun. Not top 40.
Mcap at that moment was 175 Million. For this project to reach 1 Billion, it will "only" go x6 more. So +- 1 dollar where everyone is aiming for.
Maybe this project indeed goes top 40. Look at doge, shib.. these hype coins in the same category without much utility went far too. But the past is never a given for the future. Let's not forget that.
Anyway, since this idea the coin went down by 25%.. If I would reinvest, I'd wait for this H&S to develop first & see if it indeed reaches 0.08. That would be an ideal re-entry imo (for only 30% of the funds, so 0 risk).