Welcome back,
In today's blog I will talk about Welsh, the meme coin on bitcoin layer 2 blockchain. Few days back only I shared a blog on how to enter in low cap coins with high risk and high rewards.
You can read that blog and hopefully it will be informative for you, you can click on the link below to head there.
What is the perfect way of entering in Low Cap Coins?
So that blog above was the blog where I shared some of my preferred low cap coins. One of them was Welsh and I would like to share the chart of that token with all of you first. We will see the chart for last 1 month only to see how this token has performed.
The lowest touched there was 0.0014 and the max we see is approx 0.00464 as per coingecko but when we get in to the data that was recorded on the exchange this token is listed at then we realize that it even crossed .005 and that means the token has gained 2.5X in last 10 days itself. ( 250% )
I shared how you could have entered this and many more low cap coins and I myself also did the same. I got in to this coin at 0.00143 dollars and that means I was luckily able to get in at the best price possible for last one month of data that is really my luck for sure.
The idea was to do DCA and collect and reach the desired amount I wanted to have with myself for the next bull run. Now, I will like to share about the tokenomics of this coin with you all.
I think I already mentioned that this is a meme coin on stacks blockchain which is a layer 2 blockchain for bitcoin and so we can also say that it is a meme token for bitcoin network in some way. Now unlike other meme coins it has quite less max supply.
The max supply is 10 billion coins, and the current market cap is 45 million dollars. It means we do not have to worry about any big number of tokens getting unlocked for this project. I think I am quite more bullish for this token now.
At this moment the truth is that it is riskier to get in this meme token even though it is on STX network but if you are ready to take risk then you can put your 1% of portfolio's value into it on the next dip.
Thank You and Happy trading everyone.