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Prices are recovering from the latest Chinese FUD and the SEP20 SmartBCH tokens today are rewarding those that once again bought the dip. At least rewarding the bravest, those that held despite the dip and didn't sell at the bottom.
As with all markets there is manipulation and as the SEP20 tokens market finds new investors then there will come some manipulators, so be careful of any possible pump and dump that could affect our long term investment.
Pump and dumps are coordinated groups that don't favor anyone else but the organizer. Those that organize Pump and dumps are those that profit, the rest are losing money following a fake signal.
Marketcap.cash brings us the live updates of prices in a dynamic website. Everything is rising today, green everywhere! Especially my top selected projects AxieBCH, Knuth, ARG and CATS are giving increadible profit.
UatX token has the most gains for the day at 44,2%. Uat is the an RPC server node from China that provides "fast RPC server clusters".
Knuth (KTH Token) will distribute in the next three days the 5m KTH token rewards to the liquidity providers.
Follow KTH telegram to learn how to provide liquidity and take part in the distribution. (Telegram)
Also, KTH has paid the contest rewards to the video creators. Congrats to the winners! My personal best was this one by ThunderBCH:
It is a professional one, congrats again, and I think that ARG and Knuth have already noticed and rewarded ThunderBCH.
When we watch the market we are scared of what can be the next blow, but even this one the China news didn't damage the market too much. SEP20 tokens depend on BCH price but since they are still at a young stage and many speculate, maybe some tokens are good to buy today and hold for a while.
The price action can rise very fast in the DeFi tokens world and SmartBCH is already known in all the cryptocurrency community. It will not be too long before the first start appearing and investing with higher volumes, that could easily send the tokens in astonishing prices.
Of course there are node and community tokens today and we can trust the people behind will not rugpull, since there are known members of the community, but there will also come a few more DeFi tokens from the community that will bring a different approach.