EARN’s Explosive Upside
What acts like a memecoin, but actually has tokenomics beyond “Are I Cute?”
Everyone and their DOG seems to be talking about WIF, or Dog Wif Hat:
Another Memecoin with no real distinguishing functionality, just generic increased “Speed of transactions” and “cheaper costs” of transactions.
Big whoop.
Well, some people think so:
If you really want speed of transaction and cheap costs, look no further than HBAR.
I doubt any other token’s chain has faster, more secure chain than Hedera’s Hashgraph. Unfortunately, HBAR doesn’t have a cute doggie pic, nor the marketing saavy of free airdrops that WIF has.
No, now we have the plague of DOGSWIF also-rans like DogWifFork, and DogWifNunchucks.
WIF’s 30 day runup of 263% is quite the starting achievement. Who knows, maybe it will follow the meme rocketships of SHIBA and DOGE.
Price of $0.000000166008 on April 13, 2021 to $0.00007514 on October 29, 2021. A G-force, nose-bleed inducing rise of 45,163% in 5 and-a-half months.
Of course, it also ran its course on an equally nose-bleed inducing fall.
Could WIF equal another SHIB or, dare I say it…DOGE?
Me, I’m pinning my hopes on a coin with actual tokenomics driving its rise: EARN.
834% in the last 30 days. 386% made in the last 7 days.
Get Patrick Cryptozoa’s stories in your inbox
Join Medium for free to get updates from this writer.
Big difference between the two is that WIF has nearly a billion dollar Marketcap of $956,098,856, while EARN is only $6,388,971.
EARN’s Price action Beats WIF, despite 1/150th the Marketcap
WIF‘s Marketcap, according to Coingecko, is 150 times the size of EARN’s…and while the price of WIF is shooting up, it doesn’t quite measure up to the price rise of EARN.
EARN, at 834% beats WIF’s 263% on the 30 day price chart by an overwhelming 571%.
Who’s the memecoin now?
EARN doesn’t just have the generic Speed and Security, it has the deflationary tokenomics of a Reflection token distributing 2% of all Buy, Sell, and Transfer transactions to all holders according to their percentage of EARN held.
Not only that, EARN has a burn wallet holding over 50% of all the EARN tokens, which also benefits from the 2% distribution — enforcing the deflationary scarcity by burning it’s 50% share of the 2% of fees distributed.
Not only that, EARN has NFTs: Flames and Flamelings that offer more ways to play to…ahem, earn, whose function also supports the price of EARN, as well as its overall value to the market. Flamelings also act as the owners own token, encouraging promotion of the token, and the EARN token itself. Tokenized marketing in an NFT.
And, did I mention they were cute?
The only real claim to fame of WIF is that it conducted a successful free Airdrop, gaining interest and attention thereby.
Oh, and a cute pic of a shiba inu wif a hat on.
But, can cuteness and a free airdrop really compare to the ongoing efforts of Social Media Influencers with potentially massive audiences promoting their very own Flameling token to their socially-connected masses?
Promotion like that is not a one-time thing, it is ongoing, and can be massive, given the audiences of some of these influencers.
Imagine one of these top influencers promoting their very own branded Flameling token? Now imagine several.
Conclusion
Imagine a Reflection token whose price action acts like a memecoin, yet with deflationary, and price rise inducing tokenomics. Now imagine a token that actually beats equivalent memecoins on price action, not only with its tokenomics, but with price supporting, and awareness promoting NFTs.
Wif EARN you have all that.
All that’s missing is the hat…;)
If you’d like to find out more about the details of the projects I am in, and how to participate, please go here: https://cryptozoa.medium.com/passive-income-projects-eafd4ee0a4aa
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article.
