MultiversX Tracker is Live!

Month 7 of the RCC Performance Tracker - Hold Onto Your Hats!

All Cryptocurrencies

by COINS NEWS 94 Views

Month 7 of the RCC Performance Tracker - Hold Onto Your Hats!

Hello and happy Friday Everyone! Hope those of you in the Northern Hemisphere were able to take full advantage of the Summer Solstice yesterday, the days will only get shorter now!!

Tonight I'm hosting poker night as well! If you're interested in joining check my profile for more details in the posts I made yesterday or hit me up for details!

Alrighty, we're 7 months into this tracking and I keep hoping to see good news on the numbers and I'm just not seeing it yet. I'll dive into the weekly data in a second and then the monthly data down at the bottom.

Here's the data from last week 6.14.24:

https://preview.redd.it/hq09sunlrx7d1.png?1432&format=png&auto=webp&s=8928a770553e19646a28f56944f174ff6db8c832

And here is the pull from this morning 6.21.24:

https://preview.redd.it/c6mnfi4mrx7d1.png?1432&format=png&auto=webp&s=71a5fd08ad5562df2ca0c332d6776deff962bb2b

First, as you'll see Buckets started out hot the first week. We've trended down and I think (at least for myself) I almost expected to see it slide some just because the market cap was so far above all the other RCCs (save Cone, Gone and the others). I think it still may slide some and settle around or near where $hroom is but again I'm no expert, just my opinion.

Second, hate to see it but Donut dropped below 1 penny again. Hope it can bounce back and trend upwards.

Only 3 coins on my list saw gains this week: PEPE, CONE and MIKO. LIC was exactly even which I thought was crazy but double checked the chart and it looks correct haha. Only question now is, is this a dip that's just going to keep dipping or is this a time to load bags? I was hoping to see some more upward movement this summer and so far that has not materialized at all!


Now onto the monthly updates (remember these are change from the initial data point, not month over month):

Market Cap

https://preview.redd.it/cwqp4vanrx7d1.png?1872&format=png&auto=webp&s=5de696eb417a096fdaff4ad7df3c8319815080ac

The info here pretty much speakers for itself haha. If you're a trader, hopefully you sold some of the tops in May because everything is down month over month, except LIC. So if you're holding a huge bag of LIC that you bought in May count your blessings (unless you bought when I first started tracking it because then you're still down about 50% haha).

Holders

https://preview.redd.it/400pgizmrx7d1.png?1872&format=png&auto=webp&s=b9919aafa489b7b6f464d8054ebf95ec77791911

Holder numbers seem to be staying pretty flat to minimal growth. Not much to report on here. Still on the fence as to how much this information matters for coins of this size. I know there are some who think more = better but I don't know if that's the case. Obviously yes, the more holders you have the more spread out the supply is and better for coin growth but when we're talking about numbers that are less than 30k holders I don't know that it means a whole lot for right now.

Sub Members

https://preview.redd.it/y4j3rjmmrx7d1.png?1872&format=png&auto=webp&s=167ac6d655ea4af246d60608c844ecabff5a2f37

Sub membership seems to be tracking with steady progress, my only question when it comes to this data is that if our subs are continuing to increase in members then why are our Market Caps suffering so much? I'm sure there are plenty of theories, alts, farmers, etc. But I would challenge you that each member is a number and every number matters when looking at this stuff, tokens wouldn't be continuing to be created if people didn't care about them so what are you doing in the subs you support to help push that token forward? TLDR: Work for your bags haha!

I know things aren't looking great right now but the hope is that things will improve over the summer. Had a guy telling me the other day who has been in crypto from pretty the beginning with BTC, he said the 4 year cycle is a real thing and it happens every time. People question whether the bull run will actually come, they'll try to time it and miss. 2021 was the last real bull run, 2025 is 4 years from that, now is the time where people will begin to question if it's worth to keep holding. DYOR for yourself but as for me and mine, I'll continue to hold. Best wishes and God Bless!

submitted by /u/jimfird
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments