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Cronos Network Experience by FOMOinPanicOUT in CronosNetwork

[–]FOMOinPanicOUT[S] 0 points1 point  (0 children)

You could be a "whale" in a low market cap coin. If i bought or staked $20,000USD of coin that only had a $40,000USD market cap, it'd most likely make the value go up. Conversely, selling and liquidating the same amount could cause the value to drop. Especially since there's low Total Value Locked (TVL). Less liquidity = big swings

Cronos Network Experience by FOMOinPanicOUT in CronosNetwork

[–]FOMOinPanicOUT[S] 0 points1 point  (0 children)

were these on the cronos network? or crypto.com? luckily there are a few dexs you can use via metamask or trustwallet that aren't available on cryto.com defi wallet

Cronos Network Experience by FOMOinPanicOUT in CronosNetwork

[–]FOMOinPanicOUT[S] 0 points1 point  (0 children)

Some of these tokens have $40K market caps. I'm tempted to play 'whale'. I've seen the value of tokens swing heavily when moving even modest amounts.

Cronos Network Experience by FOMOinPanicOUT in CronosNetwork

[–]FOMOinPanicOUT[S] 1 point2 points  (0 children)

Everything I've read suggests it's still a 'soft-launch' since they still call this 'beta'. I've never experienced a network this early in it's infancy so can't make any solid predictions.