Thanks for reading. I like the Cryptozoa article.
My initial thought is that LP is virtually 50/50 value of the two sides, so what does it matter if it's BUSD or BNB or food stamps - it's always 50% value of one token and 50% equivalent value of the other. If one token's value were to increase, it would raise the value of the LP, but not of DRIP necessarily. Each token's price reacts to the market independently. And if they're linked in an LP pool, this just means the proportion of the other increases to match the value of the other. In other words, if BNB were to increase from some good news about Binance, why would DRIP have anything to do with that, except for the "rising tide raises all ships" phenomenon?
My other thought is that liquidity might be the problem. People are amassing huge drip gardens with 1 billion plants and more. And, more and more people are reaching max deposit and starting to ONLY claim. This takes A LOT of DRIP out of the previously locked up Faucet, and putting it into wallets, with who knows how many selling the DRIP for profit. I would, if I needed to. But, since I'm a DRIP Maxi, I'm just accumulating like everyone.
Then, with DRIP still back to minting, supply is just expanding. Without one or both of TWO things: massive hype and buy pressure, and/or token burns, then it will be hard for DRIP to break its plateau.
I'm hopeful for Forex's plans for DRIP. If only it could occur faster. Speaking with some of Forex's team on Telegram, they are committed to a long term roadmap for both platforms, so I don't think they're going anywhere, at least that's the feeling I get, NFA.
For me, I'm still "IN" DRIP. I have 1 max deposit wallet, and working on increasing 2 other wallets to 10K DRIP. Once you reach 10K DRIP, it goes very fast at 100 DRIP per day.
I'm putting together a Digital Course too about content and affiliate marketing that could also help our crypto folk in their onboarding efforts as they try to market themselves to earn downline rewards in both DRIP, and now the Animal Farm/Piggy Plinko. Ties in well with the AI stuff I'm so interested in.
Thanks again for reading!
Kind Regards,
~Ryan
