After the pump on 7/12, when dot fun issued coins reaching a high of 0.187, the price has now dropped to only 1/3. The current price is really cheap compared to the protocol income and the track ceiling, so it might be a good time to start deploying and see if it's worth taking a gamble.
1/n
If you have faith Ben will make good on his word and create a flywheel for #launchcoin equal to or greater than that of $GP (7.5% of fees. ~750k-1M a week) these prices are quite literally free. (mathematically)
Launchcoin currently has ~1M in liquidity... even a few 100k a week would be enough to drive this back to ATHs
While things might seem scary on the outside, launchcoin has still managed to generate great volume VIA a number of very good launches this week
If we were to put emotions to the side and think outside of the CT echo chamber, we would realize that volume has been fantastic.
@pasternak has mentioned we are In "the final innings" of the flywheel and that it will be the "gold standard"
Below is a simple comparison of the P/E of Believe, Bonk, PF, GP, and Clankers.
Just like we saw $GP go up only once Tom started buying back with 7.5% of Bonk eco fees, #Launchcoin should follow suit.
If your patient and don't have a weak stomach, from a fundamental perspective, the smart trade is accumulating launchcoin over the coming days/weeks in anticipation for the flywheel. Even if it is a sell the news event, the fundamentals will outpace sellers.
My bag will likely get very heavy the longer we sit in the 60M range
This terrifying drop is mainly due to the expectation of pumpfun's token issuance being over, with positive news turning into negative. The Believe platform has also not launched the long-awaited flywheel since May. Ben's purchases with his own wallet are just a drop in the bucket, and with the departure of $KLED and the drama in between, market sentiment has hit rock bottom.
2/n
But recently, we can still see that some strong projects with products like $CRAY and $ORGO are choosing to issue tokens on the Believe platform. If Ben fulfills his promise, he might be able to rise like $GP has recently.
Ben also mentioned the "finally innings of the process," and combined with Bonk's story, it shows that the launchpad's moat is also very fragile; Pump can be surpassed in a short time, and the upside can be very high.
3/n
Potential Risks
⚠️ Ben is a big liar; everything he says is just hot air, and there is no flywheel at all.
⚠️ The price has broken below the new low after the Believe platform's rebirth, with no strong support below. If there are no positive developments, the coin price may continue to seek a bottom.
If you want to gamble, you can start with a small DCA at the current price, but a more prudent approach would be to wait for the flywheel and buyback plan to be implemented, and then buy in immediately. Although you won't get a cheap price, it will be safer.
4/n
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