Little update on Alpaca Finance token
Hey fellow Alpaca holders this is your fellow Alpaca doing some community work for the ecosystem. With the fall of the market Alpaca token feeling like a wrecking ball with no end of sight of the price tanking this is good for Alpaca Price long term… But if you know things how Alpaca mechanism works this is a godbless for Alpaca Holders. Lately in this weekend dump Alpaca gathered 1.5 million dollars to be burned in the next 12 week period.Address of proof. and picture of it.
So what should we do as Alpaca holders?
Market is tough I’m into crypto from 2017 I have seen many coins lose 99% of their worth in the bear market which is not confirmed yet but the probability of going into is much higher than before. Cardano for example lost 99% of it’s worth in the previous bull run. That would lead Alpaca at 0.08$… We don’t know the future but rn as you can see on the chart we’re testing the 1.618 Fibonacci extension and this sell off is less than previous sell of by percentage and that in TA it’s called bullish divergence based on price.
So if you’re bullish on Alpaca on the long run and based on emission which would run of at 2023 we’re long of a ride. Stay strong alpacas.