The problem is that $FLIPR was so cheap for so long.
Some wallets with large positions have been aggressively selling each time it pumps. This is healthy. Derisking for a small cap is normal.
But sells will dissipate over time. Very few wallets left with over 1% of the coin's supply.
We see a possible huge catalyst coming.
Leverage trading
Most punters in prediction markets make $0.05 for every $1 deployed. If they can lever up, they will definitely take that option.
User growth will be exponential. Expecting volume to 5-10x in the first few weeks.
gflipr, quick updates:
- leverage feature is almost done, aiming for beta test early next week.
- we’re revising the mindshare scoring, first 2 weeks were solid, and we want to reward our real users and supporters. more on that tomorrow.
- also got feedback from power users, we’re making updates and the bot should be a lot better by next week.
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