Richard Heart conducted a crowd raise to the retail public with no cap. It was heavily hyped. So it was heavily oversubscribed. there was no vesting period usually 1-2 year period after a launch is the norm for VC/ accredited investors.
Expectations were not aligned with realities for normal people.
This allowed for a free for all of heavy selling during which the network was just getting started & bootstrapped.
So I feel the pain of people who waited for 2 years only to have PLS drop 90% against #Ethereum whilst ETH found it's bear market bottom at 880 dollars. A double kicking to your private parts.
Max pain also brings Max reward. Crypto profits are harvested from the tears of people who buy and sell at the wrong time.
I believe we can start seeing a recovery in this ratio going forward
and Also I still believe ETH will kick on to $3400 very soon.
Note
wrapped PLS is traded on EThereum / Uniswap / DEX's
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Xmas Video from Richard Heart on Youtube... he can explain his chain better than me :)
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Richard Heart is Fighting back against the SEC! The game is on. WPLSUSDC/ETHUSD 0.0000000325 +0.0000000027 +8.87%
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up 8.6% on this ratio in 23 hours with ETH pumping! Neckline about 11% away
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