This Crypto Currency is Primed for Parabola… Again!
Yes, ELEPHANT is ready to climb the Parabola again!… but this time to new heights. The first time that it went up the Parabola it was cut off at the knees by some nefarious actor(s) who exploited the system thru the use of a flash loan. Although they only depleted the system of around 10 million dollars the human holders sold fearing this was the end….. however they were wrong. Some fixes were put in place and the process began again. The tokenomics were sound and with a committed dev who knew he had struck crypto gold, the price started to slowly come back.
The Elephant token is backed by its Treasury called Bertha, and in a nutshell she buys up the token as fast as she can. BankTeller (BT) had the foresight to see that protocols were let down by the human sellers who dumped whenever they feared they would lose their money no matter how sound the tokenomics. So, he coded the biggest whale ever and programmed her not to sell (unless to pay off protocol liabilities as they fell due). This combined with not listing on the central exchanges gives the tokenomics a chance to fully unfold and indeed go parabolic.
With the first parabolic rise it was a human who exploited the system and then more humans who dumped the price…..In the second parabolic rise, everything was looking pretty. BT had introduced a product called ‘Futures’ that started to power up the system as the previous parabolic catalyst ( TRUNK) could not sustain the sell pressure. The market was bearish however day after day the green candles appeared. And away ELEPHANT went up the Parabola again….till some humans decided to sell….
If you have ever played ‘Snakes and Ladders’ you will know where I am going with this. ELEPHANT was cruising along and then hit a little bump and everyone decided to get out the car. It was crazy. Those that knew how the token worked just stayed where they were however new entrants who were used to pump and dump tokenomics started running for the door… and so, down snaked the chart again :(…. Human sellers were a major factor…. again.
So what will play out this time? Why will things be different?. The answer is simple… the human investors (and potential sellers) are no longer in the box seat. Bertha, the treasury mentioned earlier is in a much stronger position and as she receives fees when investors buy and sell she will only increase her dominance as ELEPHANT moves up the parabola again.
Her dominance is only the start however, there are a lot of other factors that are pointing ELEPHANT straight up that Parabola and this time it looks to be less like ‘Snakes and Ladders’ and more like ‘Jack and the Beanstalk!’ You invest those little seeds one day and the next day you look out the window to a bloody big dollar tree going all the way to the sky — that might be an exaggeration….or is it :)
So let’s look what other factors are pushing ELEPHANT towards it’s next parabolic rise….
The Macro Environment
There are several macroeconomic and technical factors that could propel Elephant Money to new heights in the near future. Here are some of them:
BTC Spot ETF Inflows:
Institutional interest in Bitcoin is growing, and the approval of Bitcoin exchange-traded funds (ETFs) are injecting fresh capital into the market. Bitcoin ETFs are funds that track the price of Bitcoin and trade on regulated exchanges, making it easier and safer for investors to access crypto currency. According to data from BitMEX Research, spot Bitcoin ETFs have accumulated over 300,000 BTC worth $17 billion in less than two months since their launch in January 2024, with net inflows surpassing $6 billion. This indicates a strong demand for Bitcoin exposure among institutional and retail investors, which could boost the overall value of the crypto market and benefit projects like Elephant after people have moved thru the stages of buying Bitcoin, moving into other main coins and then landing on Altcoins — of which Elephant is one of the very best.
Market Trends are your Friends:
One of the most established ways of looking at the market cycles is the Wyckoff Method. This method identifies four distinct phases in a market cycle: markdown, distribution, accumulation, and markup.
It would appear ELEPHANT is moving thru the Accumulation phase, where smart money or large investors buy the asset at low prices, creating a strong support level. The next phase is the Markup phase, when the price breaks out of the accumulation range and enters a bullish trend. Given the Elephant Money chart we could be exiting the Accumulation phase and entering a the markup phase, signaling a potential parabolic rise.
The Bitcoin Halving:
Historically, Bitcoin’s price surges after halving events, which occur every four years or after 210,000 blocks mined. A halving event is when the reward for mining Bitcoin transactions is cut in half, reducing the rate at which new coins are created and thus lowering the available supply. The next halving is expected to occur in early-to-mid 2024, when the block reward will fall to 3.125 BTC3. This could create a supply shock and increase the scarcity and demand for Bitcoin, driving its price higher. As Bitcoin is the dominant and most influential crypto currency in the market, its price movements tend to affect other crypto assets, especially those that are pegged or linked to blue-chip coins. Elephant Money is one of them, as it uses BNB in one of its liquidity pools. As such, a rise in Bitcoin’s price could also lift Elephant Money’s value to new heights.
That is what is happening outside of Elephant Money, but let’s have a look under this crypto currency’s hood to see what is propelling it forward from the inside.
The Internal Environment:
Increased Marketing:
Elephant Money is ramping up their marketing efforts with booths at major events, NFTs for content creators, free NFT’s if you are lucky enough to mint a black NFT or are one of the 5 picked from every 100 mints. They have a weekly draw for $1000 simply for creating a wallet and adding $10.
Things are really starting to heat up. I have even heard there could be a system, that may be made available to some of Elephants creators that would explode their social reach… however we will talk about that another day :)
The project is also featured on several big name websites and has partnered with trusted value-added partners to enhance its reach. These efforts have increased the awareness and recognition of Elephant Money already, and are generating more and more interest as Elephant Money leverages social media and community channels to engage with its existing and prospective supporters.
History Repeats:
As mentioned earlier, Elephant Money has been here before…twice. And it’s shaping up for a third round. The project has experienced two major cycles of growth and correction. The first cycle peaked in April 2022, when ELEPHANT reached its all-time high. The second cycle peaked in February 2023, when ELEPHANT almost reached the previous all time high. Both cycles were followed by a period of consolidation and re-accumulation, as the project continued to develop and improve its platform and community. Now, Elephant Money is entering its third cycle, which looks to be the biggest and most explosive yet.
Bertha is Kicking Arse:
Bertha the ‘Friendly Whale’ is getting bigger; Unlike some other tokens, ELEPHANT’s main buyer (Bertha) doesn’t dump. Bertha, who currently owns 19.7% of the total supply has been buying and holding ELEPHANT since the beginning and this time around she will be looking to surpass the combined total of the Human holders AND the LPs. Should this happen…. she could then be unstoppable.
Correct stats displayed on major Centralized Exchanges:
For whatever reason a couple of the major Centralized Exchanges are having a real issue reporting some of ELEPHANT’s data correctly. As ELEPHANT goes up the parabola again, and with the possible listing of TRUNK on those exchanges, it may be different this time.
Futures
Love it or hate the last round of changes, ‘Futures’ is a magnificent piece of engineering. Having the ability to gain 0.5% a day is simply out of this world and it is a complete mystery to me why this product does not have over 100k users. The recent changes have slowed down its uptake however, now that version 9 is up and running, I can see no reason why ELEPHANT cannot emulate the run up they had in their last parabolic rise.
Unlimited NFTs
Elephant’s UNLIMITED NFTs have an unlimited supply, are randomly generated and can be minted, bought, and sold all from the Elephant.Money website. By staking one or more UNLIMITED NFTs, holders can earn a share of 1% of the ELEPHANT Treasury, paid out as ELEPHANT. This means that UNLIMITED NFT holders can benefit from the revenue growth in the ELEPHANT.MONEY system. As they receive more ELEPHANT rewards over time it creates a positive feedback loop, as more ELEPHANT rewards increase the demand and price of ELEPHANT, which in turn increases the value of the UNLIMITED NFTs. Moreover, UNLIMITED NFTs have a built-in scarcity mechanism that can create a supply shock effect for ELEPHANT. The mint price of UNLIMITED NFTs doubles every 10,000 mints, making them more expensive and exclusive as the collection grows. This encourages early adopters to lock in their ELEPHANT for longer periods of time, reducing the circulating supply and creating a scarcity premium. Through the purchasing of UNLIMITED NFTs, ELEPHANT holders can not only enjoy passive income, but also contribute to the ELEPHANT going parabolic.
Trunk/ Trumpet
One of the ways that TRUNK can add to ELEPHANT going parabolic, is by being listed on any number of centralized exchanges. This could increase the liquidity, visibility, and demand for TRUNK, as well as attract new investors and users to the ELEPHANT.MONEY protocol.
Although TRUNK does not currently feed the main buying engine (Bertha), it still can add to the price action indirectly by bringing in new investors into the protocol. Those investors are likely to lock up their Trunk in another offering called TRUMPET, and then hopefully look to move into the other offerings.
Conclusion:
Join the HERD Today…. lol :) Not Financial Advice.
Elephant.money is a decentralized community bank that offers a range of innovative products and services that provide sustainable yield, stable value, and passive rewards to its users and holders. The elephant token, the core reward token of the elephant.money ecosystem, is primed to go parabolic again, due to several factors that make it deflationary, appreciating, and attractive. If you are looking for a future-proof way to compound your profits on the Binance Smart Chain, you might want to join the HERD today and enjoy the benefits of being part of the elephant.money family as they look to their third parabolic rise
Note: this document is a live document in that if more reasons for another parabolic rise materialise I will update it to include them….until it goes parabolic of course :). If you have anything that you think, or know, that may propel the Elephant token faster up the Parabola… (like a rich uncle who is going to drop a couple of mil in Elephant), then please post them in the comments and I will make the appropriate updates...
Thank you,
Q,
Noisy Elephant
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PLEASE FEED THE ELEPHANTS :) If you like this information please consider clapping and following this channel and/or saving yourself 1.5% on Elephant transactions (8.5% instead of 10%) by adding me as your Partner on Elephant Money (0x4F570AFEA2d03c47A2cE622Bf25CE293cC189Fda)
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Disclaimer: This article serves educational and entertainment purposes only. It does not constitute financial advice, and investing in cryptocurrencies carries inherent risks. Conduct thorough research and seek professional advice before making financial decisions in the volatile cryptocurrency market. The author’s views do not necessarily reflect the official stance of any organization or entity.
