How the cult around the coin leads to the up to x10

02 July 2019, Tuesday, 14:47 - Edward Xilay
How the cult around the coin leads to the up to x10

The public is the foundation of any digital currency. If the team manages to form a wired community around the altcoin, it gains dramatic power. The followers tell about the coin wherever it is possible - any marketing becomes more effective.

Community is the basis of any cryptocurrency. If a team manages to form a dynamic community around the altcoin, it actually gives them a pass to the dive ticket. The logic is simple: followers tell about the token wherever it is possible -> the coin is always in the news-> any marketing from the team becomes much more effective -> hippie helps to speed up the price to any indicator (with the help of bots, of course).

LINK is the luckiest member of this community. A real cult has formed around the coin since the initial day of ICO (September 2017). Since then, it has only been gaining momentum. Moreover, the cult is formed not only here, but on the largest imageboard in the world - 4chan. We saw dozens of new tracks daily, discussions of developers’ personal life, investigations of each large wallet with coins.

All this lasts 2 years, apart from downtrend or bullet in the market. Many ventures tried to repeat this success artificially, paying for the posts during the pump, but lost all the enthusiasm in the first 1-2 months, and then forgot about them.

Chainlink is a unique story. I wouldn't risk buying it now. But if you ever find a new (it's important) altcoin with an artificial cult of followers... you know what to do.



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