1INCH Foundation released 1INCH token through an airdrop on Christmas Day that quickly reached a price of around $2.80 before freefalling down 75% to $.78 in 4 days. We may have seen the bottom though as prices are up 51% to $1.17 in 24 hours.
We've seen this pattern before following airdrops. The best example that comes to my mind is Uniswap.
After releasing UNI token the price quickly topped out at around $8 before freefalling 77% to $1.80. After reaching the bottom a nice 140% increase was seen to $4.
This airdrop was exciting for me because I actually qualified for this one. I missed the initial price jump so I decided to add liquidity and just wait it out. Hopefully that decision pays off.
**Note: This isn't financial advice saying you should invest in 1INCH. The crypto market is extremely volatile and don't invest anything you can't afford to loose.
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In the same boat as you, added liquidity and hoping for the best ;)
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Fingers crossed for the both of us!
Posted Using LeoFinance Beta