It's been a while, and I have not talked about the Puscoin, which is a great project, and it is built by one of the reputable people on this platform. Although this coin is considered a meme coin but I believe the kind of development I have seen on this project is amazing, and I never felt like it is a meme coin, because generally with meme coins, utility is not there. In any coin, utility is the key, and if the project is not able to build it, then later on it is difficult for the coin to survive in the market, and the price keeps dropping.
With Puss coin, that is not the scenario, and I believe this is the reason why this project has fantastic potential to grow. We have seen how this coin has become a part of curation on this platform, where the content creators have the opportunity to use their holdings and get more attention to their blogs, which is where the utility of this token comes into play. This mechanism also encourages the content creators to buy more coins because it is one of the best ways to get significant returns on the blocks through the upvote, and also gets more attention to their content.
Looking at the price chart for the coin below we can say that the price is in downtrend and it is half of what we have seen the price in the market a few months back So what could be the possible reason why this value is dropping? in my opinion this can be because of the market sentiments And once the old rally starts the similar effect can be seen on th....wait and see when the market recovers.
I use the token utility to get my blogs curated, and in return, some tokens are burnt in the process, which I think is good because this is the way through which the project is reducing the token supply.
The current price is not the concern for me, and my reason is simple that I believe in this project and the potential because the kind of utility team is trying to build is going to increase the demand significantl,y and obviously, with more demand in the mark, et the prices will recover and more value addition will happenIt'st's not the financial advice but I highly recommend you to read more about the project and how it works where a lot of things are in process to bring more innovative features and services to the community whereas reducing the supply from the market through various ways and altogether this is going to add a lot of value in the project so keep on holding whatever you have and if you see the current price as an opportunity then do your own research and buy you feel like.
Once again, I'm not sharing any type of financial advice, but I highly recommend you to cheque out more about the project, and I'm pretty much confident that after going through, you will be interested in joining.
Thank you for stopping by. If you like my content, please vote and share your thoughts in the comments section.