Bitcoin Forum

What do you think about Sonar (PING) is it another project to invest on?
I have recently been following up but can't really come into conclusion as I still need credible hands and those knows much about it to give little advice about the network if one would bag enough of it.
Is already listed in CMC https://coinmarketcap.com/currencies/sonar/
Please give your feedback

I bought this a few days after ico and my entry point was around 0.0005 and i don't have a lot of knowledge about this but PING was getting overhyped due to the CZ was following ping's twitter. I have been regularly watching the social media of PING and the product was not yet launched. It seems like almost all of the PING buyers were thinking that if this coin will be listed on binance.
Im not yet selling my coins but this is my honest opinion about this if the price for each PING is still undervalued consider its marketcap was still very low at this moment.
The circulating supply was still unknown but this may possible to go to the hundreds millions of marketcap.

Weird Price changes means volatility, that's why i'm going to buy some. I think that with a coin like this, if I put $100 in, and I lose, its only $100. But if it goes up, big profits are very possible, I still dont know everything about it some im gonna research some more before I buy in.

Edit: I think this might be a scam coin, not pointing fingers, but doesnt look legit, will look even more into it.

You should be more careful in making decisions on that, because every job does have a risk that is not small, but also value your $100 to a better coin because losing $100 may not be anything for you, but it will be very extraordinary normal if you are able to make money with a capital of only $ 100 only.

In my opinion sonar (PING) is a newly developed project, although PING has been registered with CMC with the highest price of $0.025, but the circulating supply is still not available on the market, you should think 3 times before recommending this altcoin, so you won't be disappointed later.  ,

When CZ started following Sonar's twitter page, many influencers/youtubers started to shill it and many users started to buy it by being into fomo. Thus, sonar had the bullish rally and many users got huge roi from bottom price. As of now, market's on correction and team's still doing their best to pump it, but no use. So others should invest which you can afford to lose as other hype's going on and most of the users are mature enough from those shilling.  ;)

The ranking is still very far and the token is in the BSC network, in general it is good, but for the long term I myself am still doubtful and can't give a full guarantee because I also don't research the token often, so all the final decision is up to you to trust this one token.

First and foremost when to comes to asking for investment advice you need to do some first so that when you get the ideas and responses, you will be able to make the best out of it, this is because most times, a lot of people can use any given opportunity to hype or shil their bags, this mostly happens on twitter though. Secondly, know that whatsoever the team promise to work on and deliver, make sure you invest with your spare.
Now back to the token, the daily volume is not that attractive and not on better exchanges thus my opinion of investing with your spare just in case the team fails to work more and list on other good exchanges. Good exchanges brings more exposure to a project and of course more growth.

binance ceo (cz_binance) followed sonar (ping) twitter handler. it seems good hype and people's thought ping will list on binance in future.
sonar still does not listing in major cex. i seeing gate.io announced list about sonar, price will boost after this listing.  

It is great to know that PING is now on CMC. As far as I know, it will be listed on gate io. If anyone wants to get good profit, it is the best time to buy PING token with cheap price. In my view, the price of PING will be growing so fast after next listing on exchange.

A new project yet showed a good price increase after it's being launched. This shows that we're still at the bull run since alts like this are likely to be dumped after being launched.
I still don't have plenty of knowledge about it but it seems to be good especially to the early investors of it.

What more if it will be listed in Binance? That would surely boost the price.

Remember that ADA has over 30 billion supply, while this coin only has 4 billion max supply, so there's a chance that it could reach 1 USD or even 2 USD in the future, but it still depends on how the team will handle the project, if they'll realize their plan and impressed the investors, there's no reason it will not grow to a significant price and will become a big project.

Based on Binance Smart Chain (BSC). I am not a hater of BSC but I am not interested in altcoins under Binance Smart Chain(BSC).

I checked their website, and they still don't have a product, even a beta product or in testnet or like a prototype, it's just a screenshot and only written in their roadmap that their launching of product is around 2022.
This is already a red flag for, they like given more priority on getting money to the people and listing on exchanges without any product release to the public, even a beta only or prototype.

I have actually learnt from you though I wanted to buy and hold for a while due to what I saw about the project but never go more deeper to study things about it. I friend of mine called me to buy but he said I should only invest what I can definitely afford to loose if there's any risk involved then I have to take blame myself, so I became worried over it luckily I found this post here now I can take the best decision on either to buy or not.

I am thinking about to invest in this project,too. Anyone thinks is it worth?