two of the most formidable players in the Robinhood chain ecosystem announced their launchpad this week and Pons barely budged
• the first was Rialto, a major Robinhood partner
• the second was $CASHCAT which is the most renowned token on Robinhood chain
you would miss the forest for the trees if you simply pay attention to the intraday $PONS price
since that mostly reflects people's kneejerk reaction to announcements and introduction of heavyweight competitors, which has so far proven to be irrational at first
Pons seems to be an even better buy now if you look at the fundamentals, however:
• it has pretty much maintained dominance despite all the new heavyweight launchpads
• e.g. Pons has had an average of 14,666 daily launches over the past week, or an average of 13,611 daily launches since it went live two weeks ago. however, it had 18,707 launches two days ago and 17,300 launches yesterday despite both Rialto and Cashcat announcing their launchpads this week
• fees, mindshare, and Robinhood chain network dominance has remained relatively consistent despite new heavyweight competitors
the only thing that has gone down is price
meanwhile, Pons v2 is expected to go live at any moment and turbocharge $PONS buybacks and burns, while also introducing several features that should result in significantly more tokens being launched on Pons i.e. more fees
Its obvious what theyre trying to do with @fonzonpons
They will make $FONZ one of the biggest runners from @ponsdotfamily. Why? Easy.
Pons eco runners = more $PONS burnt.
@RuneCrypto_ Dear founders, DO NOT BUILD ON BASE.
You will not get any users for the dapps! I PROMISE
We the community have lost millions to the BALD MAN
All my favorite KOLs getting defeated by cash-cat:native
No signs from @RobinhoodApp@RobinhoodCrypto, community on life support. Maybe they dont want memes at all, only utility projects