Review on Endorsit by Stephen Toluwani
A dead cat bounce. I don't trust
The Endorsit crypto project built on the Neo blockchain was initially launched through a number of airdrops which was meant to help achieve mass adoption but as time went on, dumping occured as the project didn't really appear to offer much and no future value. Even the project very own developers have dropped continuous development of the project. In my research to get access to the project creators, nothing was made available in order to contact them via social media platforms and makes the project susceptible to a rug pulling.
In checking out trading activity for the coin, it still poses a modest daily volume of transactions on exchange despite it's almost non-existent nature. This is what I consider a dead cat bounce as traders might be interested in selling off their tokens instead of a continuous good delivery of the project store of value.With that in mind, I sincerely will not involve my funds into interacting with the project
Pros
- Nothing positive to say concerning the project
Cons
- The project seems to be abandoned yet it's still being traded. That could be a dead cat bounce
