People could buy that again but there's a thing that makes me feel doubt about this, there have been some defi that got hacked caused by the flash loan bug and then why didn't the developer of the pancake bunny was solving it? is there something wrong with these dev? So many platforms have been fixing the vulnerability on the flash loan after they have seen some defi got exploited caused by that dude.
it looks like the dev don't even learn from there.
Topic: Is Pancake Bunny going to recover its original (+200$) value? (Read 124 times)
Seeing its price suddenly drop and they have also small supply demand. I think is its happening to all Defi platform right now because of the dumping of ETH and bitcoin plus bad news and FUD everywhere My prediction it can recover but only in 100$+ USD
once price drop sharply due some reason, investors will start lose their credential to projects and even new buyer hard to attracted to buy this project. they worry and affraid what happen in internal or external that caused big dump. if dev team want to drive price rising again , they must fo extraordinary developtment to make investors trust back to them again.
You probably heard of the big dump of Bunny because of some hackers, representing (unfortunately for all those people who were previously owning the coin) a big opportunity to buy, so I was asking myself is if the recovery plan they launched is going to put the price back to 200$ (more or less), especially with the token burn.
P.S. 1 What I've seen was a general panic sell, driven by the terror of seeing a massive deflationary movement caused by a malicious flash loan, but do you think that people will buy again or the project has definitely lost its credibility?
P.S. 2 Would be great to hear directly the opinion of some (ex or not) Bunny owners
P.S. 1 What I've seen was a general panic sell, driven by the terror of seeing a massive deflationary movement caused by a malicious flash loan, but do you think that people will buy again or the project has definitely lost its credibility?
P.S. 2 Would be great to hear directly the opinion of some (ex or not) Bunny owners
This flash loan hack or whatever is getting out of hand, and hackers seems to be targeting most of these Defi or swap platform, which shows that, the team of these projects needs to sit up and secure their platforms. Nevertheless, asking about the price of Pancake Bunny, getting back to its original price of $200 is a tough one, reason is that, we don't know the seriousness of the team towards making sure the platform is secured against such attacks. Token burn is more like an old thing now, which most of the times hardly drives up price, also adding the fact that the market is not too good also makes it difficult.
In my own opinion, I would say, anyone who wishes to invest, should do so with extreme carefulness, and also invest what he can afford to lose, because if the team tries their best and it don't work, they might gradually abandon the project.
So in all ramifications, the token, getting back it's credibility depends on the team.
You probably heard of the big dump of Bunny because of some hackers, representing (unfortunately for all those people who were previously owning the coin) a big opportunity to buy, so I was asking myself is if the recovery plan they launched is going to put the price back to 200$ (more or less), especially with the token burn.
I believe there are two reasons for this cause it to happen. One of the fact that the market dropped, which means bunny price dropped as well and that is expected plus it is a new thing so it is normal that it dropped more than other stuff, it is not really shocking to anyone who has seen the market to see how all other coins dropped so it s normal. Secondly it is because there wasn't any new reason, if you are in crypto market you need a constant improvement, if you are just "another token" then you are going to get crashed eventually.I believe taking both of these into consideration there is only one tiny tiny chance for it to recover, which is both market going up a lot suddenly and at the same time bunny doing something unexpected that is loved by everyone, if you could have that all at the same time then you can see an increase.
Honestly many investors have issues concerning trust, even traders, someone was advicing me to trade on a particular Trading platform, giving me all the credentials and credibility of the exchange by I couldn't just bring my self to trusting it, so I think investors on that project would have there tails no waggling at this second season of the project, many questions would be asked.
The project can reach that amount -$200- but it won't be as easy as it would have before.
I think the project are seriously trying to win back trust of investors for now that amount will not be on the goal board, regardless it's still something they can achieve.
The project can reach that amount -$200- but it won't be as easy as it would have before.
I think the project are seriously trying to win back trust of investors for now that amount will not be on the goal board, regardless it's still something they can achieve.
Well yeah, it is possible but only if you hold it for the long term and it can reach more high price.
People are currently panic selling and the market is shaking and the weak hands are getting out of the crypto market.
Only if you are gonna hold for the long term I think it will reach its ATH again. (Not financial advice so do your own research).
Regards
People are currently panic selling and the market is shaking and the weak hands are getting out of the crypto market.
Only if you are gonna hold for the long term I think it will reach its ATH again. (Not financial advice so do your own research).
Regards
You probably heard of the big dump of Bunny because of some hackers, representing (unfortunately for all those people who were previously owning the coin) a big opportunity to buy, so I was asking myself is if the recovery plan they launched is going to put the price back to 200$ (more or less), especially with the token burn.
P.S. 1 What I've seen was a general panic sell, driven by the terror of seeing a massive deflationary movement caused by a malicious flash loan, but do you think that people will buy again or the project has definitely lost its credibility?
P.S. 2 Would be great to hear directly the opinion of some (ex or not) Bunny owners
P.S. 1 What I've seen was a general panic sell, driven by the terror of seeing a massive deflationary movement caused by a malicious flash loan, but do you think that people will buy again or the project has definitely lost its credibility?
P.S. 2 Would be great to hear directly the opinion of some (ex or not) Bunny owners
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