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Growing Hodlers and Staking Shrink Supply — Expect Price Stability and Upward Pressure
The number of hodlers has risen thanks to new partners, and the amount of tokens in staking has grown significantly, which lowers the circulating supply. As a result, the token price has become more stable — I haven't seen large drops for a long time. Those who are offloading tokens will gradually exhaust themselves, so it should become easier to push the price higher, which is our goal.
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AI Analysis
New partnerships often attract new participants, which can increase the holder base and broaden token distribution. In this opinion, the author credits partnerships for a rise in hodlers, suggesting i...
AI Recommendation
Given the described rise in hodlers and increased staking reducing circulating supply, consider accumulating gradually while monitoring liquidity and order-book depth. If staking rewards and lock-up t...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.