NIBI is staking for 80%. What is your thoughts?

[Anderson0077]

Atomic Wallet is offering 80% staking for NIBI.
What are your thoughts?
https://postimg.cc/cgzNdTCf

[MAAManda]

Atomic Wallet is offering 80% staking for NIBI.
What are your thoughts?

Nibiru Chain (NIBI) is currently in their bear phase, per each TF, they are always in red condition, 1Y TF (- 87.77%), 1M TF (- 8.06%). So, it's only natural that there are staking offers with high percentages, which aim to increase adoption while reducing the supply circulating in the market. Regarding the staking percentage in Atomic, does it refer to APY or APR?

[passwordnow]

Atomic Wallet is offering 80% staking for NIBI.
What are your thoughts?
https://postimg.cc/cgzNdTCf

I've seen even more than that but not with Atomic Wallet. Just so you know and for others sake that whenever a coin offers that much for staking, it means that there's lesser volume and liquidity to it. And to give you more idea about the coin, this is how it looks now for it's all years chart and that's why it's like that.

[MAAManda]

I've seen even more than that but not with Atomic Wallet. Just so you know and for others sake that whenever a coin offers that much for staking, it means that there's lesser volume and liquidity to it. And to give you more idea about the coin, this is how it looks now for it's all years chart and that's why it's like that.

We have both given some insight into why they're making such a good deal, good deals usually come with a high risk background, so in conclusion, we should be wary of projects like this. BTW, you said you saw higher percentages but not on Atomic Wallet, I would like to see closer, where did you see those higher percentage offers?

[bettercrypto]

According to what I see in Coingecko, it seems that he is not that good enough to say that he has potential in the future. Because of the liquidity that he has every day,
it seems to me that I am lacking where I feel that at any moment it can be a rugpull.

This Nibi is still quite far from other top meme coins in my personal assessment regarding my analysis.
As long as other investors who decide to invest here are always Dyor.

[passwordnow]

I've seen even more than that but not with Atomic Wallet. Just so you know and for others sake that whenever a coin offers that much for staking, it means that there's lesser volume and liquidity to it. And to give you more idea about the coin, this is how it looks now for it's all years chart and that's why it's like that.

We have both given some insight into why they're making such a good deal, good deals usually come with a high risk background, so in conclusion, we should be wary of projects like this. BTW, you said you saw higher percentages but not on Atomic Wallet, I would like to see closer, where did you see those higher percentage offers?

I am not talking about NIBI but those other shitcoins that has also staking. I haven't mentioned about those that are in some DeFi platforms but I barely remember the name of it but I think you're familiar with those kinds of shitcoins that can be staked with like 100% and more APY because of lacking liquidity and don't have a lot of volume in exchanges.

[ajiz138]

I don't use the Atomic wallet if you look at the website it is still coming soon with NIBI staking will get 5.54% APY I don't know which is correct but this token has fallen in from its highest price.

I wouldn't even dare to stake on a token that is not clear, I mean looking at the price that continues to fall then if you stake I don't know if it will be profitable or not.