nike_c

NIKE-C: The Coin That Runs on Air (Apparently, Only Ghost Air)! Messari Calls It 'Overvalued' Because Even The Sneakers Have More Utility Than The Token. Buy Now Before This 'Ghost' Vanishes Faster Than Your Limit Order!
The Curious Case of 'NIKE-C': Called 'Ghost/Overvalued' by Messari
The peculiar 'NIKE-C' coin (referencing a Nike-themed project) has recently garnered harsh scrutiny following a report by the reputable research firm, Messari.
The Messari Scrutiny: Messari's report pointedly labeled the asset as "ghost/overvalued," implying that the project lacks meaningful on-chain activity or utility to justify its current market capitalization. Essentially, the value is built on hype and branding rather than solid fundamentals.
What This Means: This "ghost chain" designation suggests that while the brand association (Nike) created initial interest, the token failed to establish a sustainable ecosystem. For investors, this serves as a critical warning: Always prioritize fundamental utility and active usage over catchy branding. Beware of projects that trade purely on association—they tend to vanish when the hype fades!
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