![]() ![]() Before that day happens, it may become so unprofitable to mint XEN due to gas prices for both minting and claiming that the only XEN we’ll see will be those minted during the current distribution phase. After the AMP ends, it will be possible to mint just 10 XEN per day. In four years, people will mint only half of what they can mint today. ![]() The minting difficulty is rising every day. The EAA (Early Adoption Amplifier) will end soon on Ethereum, while on Polygon it has already ended when 10 million addresses have been created. ![]() XEN has 3000 days before the amplifier goes down to 1. That’s probably the point where buyers will get into raising the price, however the arbitrage opportunity exists already now and the savvy traders can use it to their own advantage.Īs XEN’s supply keeps being created according to the logarithmic function and the multipliers keep decreasing while the number of participants keeps growing, we’ll see a steady disinflationary effect. Many expect big buy-ins then because of the minting unprofitability that won’t be offset by the maximum mint term yield. Some price predictions say that XEN is going to add two more zeros to its current price before finding the floor. The price of XEN is hitting lower lows as the supply is expanding. The value of this temporal arbitrage is equal to the gas price you paid for the transaction multiplied by the estimated future gas price at the end of your mint term and the factor representing community growth. It makes more sense to buy the token on Uniswap and have it now rather than minting it for a higher gas price and having it in the future. The reason why 1-3-day users mint at a loss of USD 4.14 per mint is unknown.Ī similar situation is a great opportunity for arbitrage. This would indicate current price trend reversal that can’t be observed for now. ![]() It means that it’s better to buy rather than mint. At the time of writing, a 1 day mint of 42,750 XEN costs USD 2.6 and XEN claim costs USD 1.8 while the market value is USD 0.26. However, it doesn’t seem true at the moment because a 1-3 day mint, which constitutes 55% of the total supply, costs more in gas fees than the market value. Game theory assumes that people will tend to sell above the gas price they paid for producing their tokens, so ETH gas seems like the main driver behind the price. Minters mint XEN at low gas prices and sell it when gas spikes and the perceived value of XEN is higher. Yet people buy it for different reasons, and price speculation is one of them.Įvery mint costs a gas fee, and the fee grows with the network usage and with the price of ETH going up. If you think that the token is free and can be minted by anyone, there’s no need to buy it. Total volume on CEXes is $2,219,262.74 and on DEXes is $102,053.18.įor such a new token, XEN achieved enormous success. Tokens from short mint periods arrive on exchanges to be sold immediately, mostly for USDT and USDC. As long as the maximum term limit is chosen, the token doesn’t even exist yet, and the total supply is just an estimation. It’s also because XEN relies on a formula incentivizing people to hold the tokens for long periods of time. The liquidity on exchanges is too low because of the novelty of the project, and on decentralized exchanges it’s often missing when it comes to smaller chains. XEN is so volatile now that making an accurate price prediction is impossible. ![]()
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