There are many projects that I pay attention to, and one of them right now is EtherPrint, also known as $ETHP on the Avalanche blockchain. Do you know why? Because this is a token I expect to fall in value and turn out to be nothing but a short breeze in December in the crypto industry. But, I might be wrong, because the breeze has already lasted much longer than those produced by ZAZA and Avapay, both similar projects running on the same blockchain.
Why do I expect EtherPrint to fail? Because it is built on a concept that fails whenever people start to just hold and not transact, and when new investors stop joining. Why is that? Because it is based on the concept in which holders are rewarded in Ethereum based on the fees paid whenever someone is buying or selling ETHP tokens. So, when new investors stop coming (no new buyers) and the rest hold, there will be no more fees, which again will lead to selling pressure (as investors don't want to hold a coin producing nothing) which again will cause the price to fall.
And yes, that is what I expected from EtherPrint. But, so far it is holding up better than both ZAZA and Avapay, but I am curious to see how it will progress this week. Have you read about EtherPrint? Do you have faith in the project?
https://www.ipaddressguide.org/why-i-wouldnt-invest-in-etherprint-or-other-reflection-payment-coins-like-avapay-zaza-and-others/
I would love to hear your thoughts, so drop a comment and let me hear from you!