Latest news about Aergo [OLD]
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Log in to commentSelling into a high-volume drop is just locking in the loss for whoever's on the other side of that trade. Aergo had actual enterprise partnerships in Asia, Korea I think, so writing it off because your gut's nervous seems like exactly how you miss the recovery.
Honestly with DXY holding firm and liquidity still tight, enterprise tokens like this are going to stay under pressure for a bit. Korea angle is real though, I remember them having some actual government-adjacent stuff. Could be interesting once the macro loosens up.
Another enterprise blockchain thing that never really delivered, dropping on volume nobody cares about. Stack sats instead.
Alright, Aergo proved me wrong and I'll eat it, still think it's a zombie chain that caught a lucky bounce, but the market doesn't care what I think.
Honestly I'd probably sell if I held this, I've been burned holding through drops like this before thinking it'll bounce. My gut says it keeps sliding for a bit.