The Pump And Dump Of Statera

Statera is quite similar to the Yam but it has been around slightly longer than Yam.

Statera is like ETF that spreads its portfolio around 5 cryptocurrencies – Bitcoin, Ethereum, Chainlink, Synthetix and Statera.

I bought it when it was less than US$0.05. There was a sudden pump of this crypto to as high as US$0.48 on 11 August 2020 that has definitely risen my hope of earning a nice profit.

Within a day, it went down to as low as about US$0.20. That is really a drastic change so I guess it was manipulated by some crypto whales that did a quick pump and dump for a quick profit.

Regardless of the pump and dump, Statera was able to stay above US$0.20 with a current price of $0.21 while I am preparing this post.

If I were to sell now, I am still in the profit.

I am not planning to sell it but hodl as we would never know that we are holding to a gem that may just make us rich if we are patient enough.

It looks like a major bull run is coming soon and we all hope for it but no one can be certain except to predict the possibilities based on the trend.

The fact that we should never invest in what we cannot afford to lose would safeguard us from serious financial difficulty while getting profit if we ever spot a good crypto.

Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.