Wow #PLS got destroyed.
Retail investors got dunked on.
Richard Heart conducted a crowd raise to the retail public
with no cap.
It was heavily hyped.
So it was heavily oversubscribed.
there was no vesting period
usually 1-2 year period after a launch is the norm for VC/ accredited investors.
Expectations were not aligned with realities for normal people.
This allowed for a free for all of heavy selling
during which the network was just getting started & bootstrapped.
So I feel the pain of people who waited for 2 years only to have PLS drop 90% against #Ethereum
whilst ETH found it's bear market bottom at 880 dollars.
A double kicking to your private parts.
Max pain also brings Max reward.
Crypto profits are harvested from the tears of people who buy and sell at the wrong time.
I believe we can start seeing a recovery in this ratio going forward
and Also I still believe ETH will kick on to $3400 very soon.