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Rebutting the Argument, Moons will Never be in the top 100.

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by COINS NEWS 106 Views

I'm posting this as a rebuttal to a popular post from four days ago, "Why Moons will never be Top100". In that post Op made five arguments for why Moons would never be in the top 100, although some arguments have merit most others are bad faith arguments with no merit or validity.

Quick Reminder on Moons

Op reminds everyone that Reddit has a stance Moons don't have value. Op acknowledges this is a legal argument from Reddit. Nothing else to add to this section.

Not your everyday sh*tcoin

Ops states Moons won't pump because they aren't your everyday sh*tcoin and doesn't have any marketing.

This argument ignores the fact it's probably one of the best known tokens of this SubReddit. Moon development is completely community driven, members of this community have 163 ETH in Liquidity and 1.435M Moons on SushiSwap liquidity. One of the best things about Dogecoin is the community that wanted to build and promote it. Moons have what many sh*t coins wish they had, a community that wants to see it develop.

So no it's not your average sh*tcoin where people play the greater fool hoping to pump and not be burned. It's actually being developed in a grassroots way.

No one cares

Op states since there are over 6M members of this sub and only 200k Moon holders (3%) it's proof that no one cares about Moons. Again this is another bad faith argument, a subscriber just means an account that subscribed to a community, it doesn't take into consideration account activity on Reddit. Many of those accounts could be banned bots or old accounts that haven't signed into Reddit for years.

200K Moon Holders is a ton of people. Sh*tcoins like Pepe dream of ever reaching 10K holders.

A better statistic would be sub activity which is currently ~5,000 active members on at a time. That means the amount of holders is 40x higher than the active member count, so people who are active on the sub do care.

Holder repartition is a Red Flag

Op claims having Moon whales means these accounts will dump their Moons and prevent any bull run. He also then creates a hypothetical disaster with liquidity providers based off a thought experiment. Again this is a bad argument, although it is true there are big whales that could dump Moons, there are big whales in every crypto asset that could dump. The largest individual Moon holder, holds just over 1% of the total circulating supply or about 2% if you don't consider Reddits Wallets. That isn't that much for a sh*tcoin.

Usecase > Pump

Op claims Moons can't pump because people got them for free.

So lets talk another sh*tcoin, AiDoge is pumping with a marketcap 9x larger than Moons, and it was given to people for free. Why would you buy this sh*tcoin when you could have gotten it for free or can get it for free? Yet the price is up nearly 10X since it first started being given out.

So ignoring this flawed argument let's talk about Moons. Moons act as a Proof of Engagement/Reputation. The more moons you have the larger your virtual d**k status symbol. People buy skins for video games simply because it'll make them stand out. Ignoring everything else positive about Moons, (Banner, Staking Rewards, most developed Reddit Community Token) people have and will buy Moons to stand out in this SubReddit.

As the supply that gets airdropped every snapshot continues to decrease it will become harder and harder to earn moons, and large Moon holders will stand out even more, further incentivizing users to buy Moons to stand out.

........................

Op is right though, Moons might not ever reach top 100. But his logic and reasonings were mostly rubbish.

submitted by /u/GabeSter
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