Up From The Bottom: Is Vicmove Move-To-Earn Ready To Explode?

This article is not and will not be a financial advice. Everything about Vicmove in this article is from my own analysis and how I see the project will play in the future. Please do your own research and always trade with your own risk.

Vicmove up by 100+% from the bottom.

In my last article about Vicmove, I discussed the hidden potential of the project together with the current risks when it comes to its price. Since the token $VIM of the project is still in a low market cap, its price can still easily be manipulated by big buys. The project made a noise when its price reached over $0.20 with a market cap of over $20 million. Since then, it has been on my radar that it will have a correction before going up again.

In the past 3 weeks, the crypto market has been in a roller coaster ride and most tokens/coins were also dropping in value, and $VIM was not included. I restricted myself to catch the dip of the token since no one can really predict how low it can get.

When I covered Vicmove in my article, it was ranging from around $8-10 million market cap. When the recent sell-off in the market happened, $VIM losses its market cap to just over $1 million market cap. As of this writing, $VIM's market cap is over $3.5 million with a price of just over $0.072. It was up by more than 100% but still down by over -60% since I covered it. Still it's a good start for a recovery since move-to-earn hype looks like about to build up once again.

What causes the price to jump?

There were few reasons why $VIM was continuously dropping its value after reaching $20 million market cap;

1. It's an expected correction

2. Poor communication to the community causing FUDs

3. Too much delays in launching the app for iOS users.

4. Mirror effect from market tanking.

However, after a massive drop in price for $VIM, it's price cooled down at around $0.03 and the selling pressure was halted giving signs that no one wants to sell anymore and it was already the bottom.

With Bitcoin and the crypto market looks like going side ways, $VIM's price was slowly recovering and with just one announcement made it blow up which caused the price to grow by more than 100%.

The team announced that iOS version of the Vicmove app will be released today (May 20, 2022) together with 1 million $VIM tokens as a reward and 2.5 million $VIM tokens to burned.

To summarize it;

1. iOS version will soon be released

2. 1 million tokens currently worth around $72,000 as a rewards

3. Burning mechanism to make the token more scarced.

Should you buy?

Like I mentioned above, I will not be giving a financial advice to buy or invest in this project. But if you are a risk taker, a degen trader and a gem hunter, here's the best approach to not miss out in the project;

Everything around the Vicmove project is so bullish. Since it's a low cap project, it can be easily manipulated and its price can possibly skyrocket to another 100% or more. Putting a small amount, the money you can afford to hold or lose can be at a high risk but can also have a high return. This way you can be at safer side with only a small amount that can have 8x return if the price can go back to its previous all-time high.

But since a 100% growth is already high enough to, you can just wait for its price to have a correction. What comes up must go down, however no one knows and can predict 100% how the price will perform. If you are managing your risk and want to enter in a lower price but doesn't mind if it continues to skyrocket, then waiting for a nice correction is a great move.

Conclusion.

Comparing to others who bought $VIM at over $5 million market cap, at the current price of $0.07, this is still a good opportunity to have a position. The project has great tokenomics for the token and no wallets holding so much supply making it community-driven. I personally loved the project as I have thoroughly researched it. Though the project was not doxxed yet and lacking some audits, everything about it gave me a conclusion that it has the potential to be consider as a low cap gem.