$FRAX is launching in 30 min. But if you ask me It is good?
I don't think so 📈💵
here is why -👇
A project try to rebrand when it's the only thing they can offer to their investors for a safe exit.
If u watch the last 1 year data from alpba and spot tokens swaps almost 90% got delisted or either trading below listing price ⛔
$FRAX lost it's momentum a long time ago with no decent volume or traders it was forgotten by everyone.
Now with this token swap fresh liquidity will kick off and that will trap retails just like any other token rebrand.
I$POL which you see now also rebranded befoe it was rebranded it was one if the vest project also it was above 1$ now it's even below 0.20$.
So i am really bearish on this token FRAX
will look for short oppurtunity after listing.
Moreever dyor before you follow my trades
I am not some Crypto guru as you think of 🥲
I just try to gamble on everything based on instincts 🫡
