Image is from Unsplash.
A small dip yesterday made us scared a little. It was only going to be allowed by an opportunity and today we have the SEP20 tokens of the SmartBCH network rising and profiting the investors.
We have some moments when we can just go outside take a walk and forget about selling right where the bottom is, where the sharks are eating the fish. You don't want to be the fish that will panic sell, as I wrote yesterday about "Fear & Greed". You want to survive keep increasing in size (of your investment) and become untouchable.
There is not a lot of news today from the SEP20 market, but there is one that probably covers for all, the Certik.org audit of BenSwap which has been released and is available on the Certik website.
Market Recovers - Huge Profit if you bought the Dip
Congratulations to the brave investors that bought the dip yesterday, the market reacted and prices are up again, with some SEP20 tokens bringing incredible results.
Especially AxieBCH, which I expressed my belief in numerous occassions it will be a strong project, backed by a solid team and ambitious community. AxieBCH is up by 76% in the past 24 hours and now reached a market cap of $1 million. Amazing what a strong team and concept can do for a project.
I hope that this will become an example for more projects with good intentions to follow, so we can set the bar higher. I've read from many developers creating DeFi platforms already and since there is reputation on the line, it can take a few more months before we have competition in the field.
Certik releases Audit of Benswap
For the moment, we have only BenSwap and there are also news about this DeFi platform. Certik has finished the auditing of the project's smart contract and has discovered some centralization issues with some of them mentioned as partially resolved and some as acknowledged.
Image from Certik
Certik has found various issues with EBEN, some of them titled as major, although there was partial resolution in many of them. For more information open the PDF report, there could be some issues that are resolved or partially resolved, and there is a description by Certik for each one.
Airdrops, Contests, Giveaways!
Image is from Bitcoin Cash Argentina Twitter.
The time for the video contest from the ARG and KTH partnership is running out. Finish your work calmly and apply your videos according to the directions given in the Bitcoin Cash Argentina and Knuth channels and you will receive the rewards in both ARG and KTH.
@ThunderBCH created this incredible video to help promote SmartBCH as part of the ARG and Knuth contest:
A good one, professional and took some time to create, that deserves the reward. I hope you will get it, as I've seen the Bitcoin Cash Argentina official Twitter account has also commented and liked this video!
This is the news for today from the field of the SEP20 token market. I hope we will have more developements and from what I read there will be some surprises that will bring additional interest to SmartBCH.
However, I also feel that the cryptocurrency influencers, as YouTubers and some in the other media, don't really understand the potential of SmartBCH, or perhaps only report according to those projects that create a "benefit" to them. As we are well aware of, the YouTubers have demands and present the case of projects that cover their demands.
Just saying, this is how the cryptocurrency market works nowadays, nothing is pure and very few are reliable sources. I'm not afraid that SmartBCH will not be covered as eventually we will have some DeFi that will become a trend and the increase in popularity will reach to other DeFi investors.
I actually missed some action for doing something else and napping too much :D Hoping more solid projects and tokens will come aboard the SmartBCH network