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テーマ:仮想通貨(2035)
カテゴリ:DeFi
Take a look at the holder distribution for the ELEPHANT token: https://bscscan.com/token/0xe283d0e3b8c102badf5e8166b73e02d96d92f688#balances The top 2 holders are contracts which only sell very small amounts when absolutely necessary; holders number three and four are liquidity pools; finally, at the #5 position is our first human holder, controlling only 0.8289% of the circulating supply. The next biggest holder has only half as much at 0.4139%, with subsequent holders controlling even less. In total, there are (as of this writing) over 20,000 individual holders and that number has been steadily growing, creating wider distribution over time. Now let’s explore the liquidity of ELEPHANT token. Note: There are two different methods of reporting liquidity, and different sites use different methods. Be aware of which method is used so that you are making apples to apples comparisons. Some resources, such as poocoin.app, will report the liquidity value based upon only the value of the token backing the native token. In other words, per our example above, the liquidity of MyToken would be reported as only the BUSD value in the liquidity pair. To me this is the most intuitive method, as MyToken has no intrinsic value without the liquidity pool and you can never obtain more BUSD from the pool than exists within the pool. Many/most other resources will combine the values of BOTH tokens in the liquidity pool. So from the first example above it might report that there exists $100 of MyToken and $100 of BUSD for a combined liquidity of $200. Although this is probably the most common method, to me it seems slightly misleading to claim an LP has $200 worth of liquidity when you can extract no more than $100 from it, but that is also a customary and accepted reporting method. The important thing to remember is simply to make sure that when comparing liquidity of two different pools, that you’re using the same method for both. Look in the left column of this ELEPHANT Money chart. You will see three entries for LP’s, one as ELEPHANT/BNB LP, one as ELEPHANT BUSD LP, and another much smaller LP we can ignore. Combining the numbers displayed, as of this writing there is over $33 million worth of BNB and BUSD supporting the liquidity of ELEPHANT token. This means that there exists a tremendous amount of liquidity to support the price of ELEPHANT token, so some normal amounts of buys and sells aren’t going to move the price very much. In fact, the ELEPHANT/BNB LP contract is now the second largest holder of BNB on the entire Binance blockchain!
Daily chart of ELEPHANT priced in USD Despite the massive liquidity and excellent holder distribution, if we zoom out to the daily chart we can see a very strong lengthy trend of upward price movement; this is a good indication that many buyers are eager to buy and hold the token, which bodes well for price appreciation. Furthermore, if we observe the trendlines on the daily chart, a parabolic rise in price becomes evident, indicating that the LP pool is getting into the supply shock area where the rise in price can become very significant very quickly! One last point; the chart above plots the price of ELEPHANT within the BNB pool but priced in terms of USD. Since the price of BNB has been fluctuating somewhat lately, we might want to consider looking at the same chart priced in terms of BNB rather than USD. This gives us a better idea of whether the price is in a “supply shock” part of the curve, and gives us better insight as to what the USD price chart might look like if/when the BNB price improves:
Notice the ever steepening price curve? It’s in supply shock! We can see from this chart that despite the price of BNB going through a bit of a rough patch lately, ELEPHANT is so deep into the supply shock that it is overpowering the decline in BNB’s price. Imagine what will happen to ELEPHANT price if BNB recovers and doubles or triples its price! If this has piqued your interest in ELEPHANT token I’d urge you to do your own research and then hop on over to Elephant.Money if you decide to buy some.
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