ilmscore | The Logan Paul Cryptocurrency Explained: Dink Doink

The Logan Paul Cryptocurrency Explained: Dink Doink

Published: 2021-07-14
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Dink Doink cryptocurrency tactics are predicted to be shut down in the near future.
"I have a feeling this could only go on for so much longer until eventually tactics like this are officially shut down."
DINK
Pending
Dink Doink's transaction fee structure is designed to incentivize buying and holding, requiring a 10% price increase to break even.
"And then five percent of stake is for their liquidity basically this is a way to incentivize people to buy and hold because you need the price to go up 10 just to break even all things being equal"
DINK
Pending
The promotional strategy and self-proclaimed 'poop coin' nature of Dink Doink are seen as factors contributing to its decline.
"So in my mind this is where it starts going downhill like the price chart of dink doing The issue from my perspective is that you have a cryptocurrency openly started as a joke while forcing together a community of friends to bring awareness around something which they all openly call a poop coin"
DINK
Pending
The current cryptocurrency market allows for significant leeway in promotion, with legal teams likely scrutinizing projects like Dink Doink, and promotion appearing legal if influencers are not directly paid.
"I pretty much guarantee they had their legal team reviewing this very closely and right now the cryptocurrency market is like the Wild Wild West you could pretty much get away with saying anything and as long as Logan Paul didn't get paid to promote this coin it's pretty much all legal to me"
DINK
Pending
The current promotional model for 'joke' cryptocurrencies like Dink Doink is predicted to be unsustainable in the long term.
"I just can't see this continuing for that much longer"
DINK
Pending
There is a call for increased transparency in influencer compensation and their relationship to promoted tokens in the cryptocurrency space, with material price impact disclosures being recommended.
"I just hope that in the future there's more transparency in terms of how influencers are being compensated if anything what their relationship is to the Token they're promoting and if they're going to do something that will have a material impact on the price that should be disclosed ahead of time just like you would any stock or security"
Cryptocurrency Influencer Marketing
Pending
Cryptocurrencies driven by speculation and hype should be treated as entertainment or gambling, with the expectation of losing the invested money.
"Coins like this are entirely driven by speculation and the frequency by which someone tweets about it going to the moon so if you do buy something like this it's no different than going to the casino or buying a lottery ticket just assume that your money is gone and it's purely for entertainment purposes"
Cryptocurrency
Pending
Rapid price increases in cryptocurrencies are unsustainable due to the need for market maturity, and such assets are prone to equally rapid declines.
"cryptocurrency needs time to mature and anything that has the ability to rise in price so fast can also just as easily fall in price"
Cryptocurrency Market
Pending