@CoinMarketCap Every smart contract has been audited but yet we still have daily defi contract exploits that somehow were missed! They bought tons of gold at higher prices than today, how would that effect their reserves?
No one has a crystal ball.
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Markets don’t move because someone is “smart.”
They move because millions of people react to information, mistakes, fear, greed, and randomness - often at the same time.
@rektfencer Useless shitcoin with uncapped supply and a ton of competition from other L1s and its own L2s. Only reason it pumped last cycle was because of NFTs and metaverse scams. Gold has been the asset for 6000 years and it trusted by central banks thus the massive pump.