1/n Fundamentals were great, but he sold it, missing 4x.
It's a story of $KP3R / #KP3R traders.
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It's a story of $KP3R / #KP3R traders.
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2/n Background
#KP3R/ $KP3R was a launch token back in Oct 2020, by Andre Cronje.
Quick understanding of fair launch it: No fundraising. He deposited all tokens to a DEX for everyone to buy.
andrecronje.medium.com/keep3r-networkβ¦
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#KP3R/ $KP3R was a launch token back in Oct 2020, by Andre Cronje.
Quick understanding of fair launch it: No fundraising. He deposited all tokens to a DEX for everyone to buy.
andrecronje.medium.com/keep3r-networkβ¦
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3/n Initially, #KP3R/ $KP3R was for job matching in #DeFi. You can imagine it as LinkedIn.
It pumped from $2 to $574 (or 1 ETH) within a quite short time.
And dumped to $64 in the following months after that.
BTW: Never was a any marketing.
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It pumped from $2 to $574 (or 1 ETH) within a quite short time.
And dumped to $64 in the following months after that.
BTW: Never was a any marketing.
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4/n
In Aug 2021. Fundamental completely changed. Andre added 3 more projects to be governed by $KP3R / #KP3R.
In Aug 2021. Fundamental completely changed. Andre added 3 more projects to be governed by $KP3R / #KP3R.
https://twitter.com/0xSato/status/1438799425132904451?s=20
5/n This is should be huge. But people aren't aware. Even those who noticed this actually didn't understand. (btw, this project had no marketing).
I warned TA traders not to use the outdated data. #KP3R/$KP3R was a pear, but now is a watermelon.
We all know which is bigger.
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I warned TA traders not to use the outdated data. #KP3R/$KP3R was a pear, but now is a watermelon.
We all know which is bigger.
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6/n The expansion was at the end of Aug, 2021.
On Sep 17, 2021, I called traders not to use TA for $KP3R/ #KP3R before it finished price discovery after the expansion.
But 3 days later, a trader wants to buy back at $60 although "fundamentals are great" (Spot price was $317)
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On Sep 17, 2021, I called traders not to use TA for $KP3R/ #KP3R before it finished price discovery after the expansion.
But 3 days later, a trader wants to buy back at $60 although "fundamentals are great" (Spot price was $317)
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7/n Yes I told him he was not realistic.
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8/n A few days ago, another guy wanted to buy at $300 despite the great fundamentals. Yes, I told him it's not likely to happen.
It was $754, and now it's $1230.
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It was $754, and now it's $1230.
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9/n Some people are funding about the inflation. Those are who don't understand how to value a company/DAO.
I talked about inflation back in Sep. All my expectations are including the inflation.
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I talked about inflation back in Sep. All my expectations are including the inflation.
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https://twitter.com/0xSato/status/1435091223388180483?s=20
10/n Yet people are still fudding, but not researching.
So I explained why I was not worried.
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So I explained why I was not worried.
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https://twitter.com/0xSato/status/1471107893311131652?s=20
11/n Ofc, traders in the story didn't make it. When fundamentals completely changed, you should abandon TA for a while. Wait for the change was priced in to pick it up again.
Final.
Final.
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