We had a nice day yesterday with growth in value for most tokens. As $BTC hit $77,000 it stumbled a little bit and fell back towards $65,000 and most token holders feared yet another dump, so we saw the price of $SOL and other tokens also drop a few percentages based on this. As a result, Solana is now trading around $175 instead of $190, but it is still fairly good and it will be interesting to see how the tokens will hold up throughout the weekend.
The token champion of the day is $DAO, the token of DAO Maker. This is a project that launched in 2023 and it can be found on many leading exchanges such as Kucoin and Gate.io, and it is also at PancakeSwap and UniSwap.
What is DAO Maker ($DAO)?
My Twitter is currently packed with ads and stupid messages about newly launched projects for which you can buy tokens on Avalanche, Solana, and Fantom. Join the presale for this and that. It is a mess, and it is all junk. But, we get crazy trying to get rich, so I fear lots of people are stupid enough to send their tokens after such initiatives.
DAO Maker is supposed to be a safe haven for token launches where people can launch their projects and you can join in, and you can even get a refund if you regret joining (before the actual sale has taken place). Right now there is a new IDO for a token called Dappad. I don't find it very interesting, but the platform is created by Christoph Zaknun, and it has gone up 57% in the last 24 hours, and is currently trading at $2.66.
Worth knowing before you buy something I mention here...
First of all, I write about all sorts of token based on price movements in the last 24 hours. I don't write about tokens I love, neither do I write about tokens I believe in. I simply write about tokens that has had a great move in the last 24 hours. This is not financial advice in any way.
In fact, a token that has had a great movement in the last 24 hours often ends up performing bad afterwards (unless it is on a super-run), so a token with a great curve the last 24 hours is often dangerous because it can easily fall back. Once again, this is not financial advice.