What has been the source of strength for pussfi
Pussfi is really displaying great strength in the market and in the recent weeks or so we have seen undoubted evidence of this based on its strong price refusing to decline even as other asset class in the cryptocurrency market dips yet it seems pussfi token puss coin is in a world of its own setting itself apart almost like it isn't affected by what Bitcoin or the rest of the cryptocurrency market is doing, it's pumping and has continued it's upward trajectory ever since it's launch.
Even as I make this post generally the rest of the cryptocurrency market is in a downtrend making many wonder really if the bull run has ended, I mean if there was ever any bull run in the first place, maybe for just Bitcoin perhaps but we have seen that even Ethereum has found it difficult to make a new all time high or break the previous ones it seems only just a few assets is unaffected by the downward trend of the market.
But that's different for puss, it seems there is just an audience that's constantly interested and buying in on puss coin regardless of what the rest of the market is doing, puss coin seems to be making great waves and has refused to go down, even our very own steem is suffering from the downward trend of the market and seems to be firmly around $0.15-0.17 finding it difficult to break out of this area but puss coin has maintained it's upward trajectory begging the question, how it manages to do this? Well below I will highlights some things I believe made puss coin to be standing strong while the rest of the markets slumbers.
One of the things I believe has really made pussfi strong or that has been the source of it's strength its the seemingly growing market presence, it seems that ever since it's launch the market presence has been on the high and that has helped it maintained great relevance while the rest of the market suffers, it seems we might now see the altcoin season that every bull run season it's famous for but ofcourse that really doesn't concern pussfi as it has no problem doing just great.
The growing market of pussfi has ensured that it has great liquidity pouring into it ensuing that the value of the asset is maintained despite the trend of the cryptocurrency market, the recent listing and continued listings on major exchanges has ensured that pussfi is exposed to just right about enough liquidity to keep maintaining it's value and appreciating accordingly.
What really has recent listing done for pussfi? Well for starters it has helped to increased it's exposure and make it even more accessible to a wider audience yes pussfi has become accessible to a global audience thanks to recent listings on exchange and making it market capitalization rise in the process as it's currently above $10M which is no small feat considering it's a meme coin lunched just around august of last year, that's truly incredible, so pussfi growth is hugely thanks to the growing market presence.
Another thing that helps pussfi maintain its value in the market is due to its multi-utility ecosystem, pussfi has strong utility for a memecoin, an a coin without great utility won't do well, I mean the market has lots of altcoins about thousands of them and many more keeps rolling out so it doesn't really take a genius to understand that there simply isn't enough liquidity to go round.
So what does this mean in effect, the abundance of altcoins means that invariably investors would focus more on assets class with real usecase or real world utility and make the best use of their money and for this reason pussfi has been doing amazingly well because it's utility is never in doubt and one of the great utility of pussfi is the fact it's used in steemit as a way to reward authentic content creation giving opportunity for authors to produce unique quality content.
But ofcourse apart from steemit integration other amazing plans of pussfi team means that even in the long term is poised to always remain in the spotlight, as the amazing project has plans to boost it's adoption by rolling out nft market place and gaming ecosystem just in the nearest future which means that it's only about time, it's only about time before it does even greater things that what we are seeing,so the multi utility ecosystem of pussfi has been it's source of strength and has helped it remain relevant in what is a rather competitive market.
The fact too that pussfi has a community driven approach is one of it's major strength and one thing that has helped it remained considerably relevant and continued to rise in prices despite the downtrend of the rest of the market, pussfi has a decentralized governance model which means that decision making and even it's development the community contributes immensely to it this has helped to ensure that over time pussfi maintains it's strength and remained in the spotlight.
So in effect organic growth is fostered and more users becomes equally interested in coming into the ecosystem where their input is valued, so what pussfi has its an active and engaged and a happy community Interested in the growth of the project so it's no suprise that pussfi is where it is today maintaining it's value where everything else seems to be going insane it's seemingly one of the few things that makes sense in this bull run.
Apart from the community driven approach, the continuous burning initiated by the team is also another reason why pussfi seems to be doing quiet well, the buyback and burn mechanism has been one of the great source of strength for pussfi and that has helped set it apart from other meme coins helping it's value grow exponentially, apart from it's fixed supply the continued burning continues to reduce the amount of token in circulation with the demand remaining same due to its value the price just reflect all the workings that's why despite the bearish trend of the market our very own pussfi has remain adamant and bullish on all time frames setting itself apart almost from the itself cryptocurrency market, that which is truly wonderful the likes of which is rarely ever seen and here we are seeing it with pussfi.
Apart from pussfi utility now it's future potential has also been another thing that has been engineering it to greater height as one people look at it they see the future and a project that the team knows what they are doing, no one will want to get into a project or be invested in one that seems like the project team are completely clueless as to what they are doing, they fact that the team has such great plans for pussfi only means what thing and that's advantage pussfi there could be no more denying this fact.
For starters the blockchain pussfi is built on is the tron blockchain an amazing blockchain offering transactions with great efficiency with less cost and with plans also to expand into decentralized applications and have web 3 integrations, truly this plans should show us that this team ain't joking and they know exactly what they are doing and would go to great length to achieve exactly what they want, and that's making pussfi ecosystem great one that everyone uses and one that it's application which always appeal to the greater masses, this plans or potential for defi and web 3 expansion has helped make pussfi just great and has been it's source of strength in standing strong in the market.
If all these integrations roll out then pussfi would be one of the top cryptocurrency out there based on utility, if plans of expanding into decentralized applications and the web 3 integrations plans is successful then puss would and should be seen rightly as not just a meme coin and infact those integration would drive serious and big investors into pussfi and that could be just what pussfi needs to reach heights never though possible, the future obviously is bright for pussfi there could no doubt about that.
So yes I believe why pussfi is seemingly standing strong thus far is due to its strong and growing presence in the market and it's plans for defi expansion and web 3 integrations coupled with the governance model and burning mechanism and multi-utility ecosystem this has enabled pussfi to remain considerably visible and has been it's source of strength as the market struggles pussfi shines on.
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Regards,
@jueco