/biz/ - Business & Finance

>too late to get in on LINK when it started to pump
>too early to make it with just BTC and ETH
>just in time to get in on LIT before it moons

>35% up today after going up 45% on Sunday
>Paper thin sell-side orderbook
>20% of circulating supply is locked

I know there are too many LIT threads, but I can't help myself. This might actually be my chance to make it and I'm freaking out.

Pic related

>22% of the circulating supply is locked for staking
22% of the circulating supply is locked for staking
>22% of the circulating supply is locked for staking
22% of the circulating supply is locked for staking
>22% of the circulating supply is locked for staking
22% of the circulating supply is locked for staking
>22% of the circulating supply is locked for staking
22% of the circulating supply is locked for staking
>22% of the circulating supply is locked for staking
22% of the circulating supply is locked for staking

So, wait a minute, I just read this in another thread...

Roughly 20% (and growing) of the LIT supply is locked for staking. Doesn't this take out 20% of the circulating supply? Like, doesn't this mean that there are way way less LIT to trade than what's showing in supply?

Can anyone tell me why this wouldn't be incredibly bullish? Doesn't supply restriction increase demand?? Also, the orderbook for LIT is paper thin on the sell side...???

>>18738724
>>18738490
forgot to crop lmao