What's with the Star Atlas rally ?

[Len Saldua]

Did not see that coming ! I had already sold my POLIS tokens, but bought some back last night ! Anybody knows what's happening ? This project had lost some serious money with the FTX collapse  and I thought it was all over for them, but it seems I was wrong ! I guess it goes back to fundamentals... Star Atlas is a heck of a project, with a huge following and I think most of us want to see it succeed. I did not see the Atlas token following though, for some reason only the DAO token is pumping.

[abel1337]

I don't know what is currently happening in star atlas right now but one thing is for sure, They are one of the most anticipated crypto game that will surely dominate the space when play to earn trend arises again. Surely, The trend might not happen again but I believe Star atlas will still rise given that they have a lot of following and their current releases is outstanding. I believe that they are the best right now in terms of graphics quality in play to earn game. I've seen their game and yes it is not finished yet but the graphics is on par on triple A non-crypto games. Maybe some big investors bought Atlas and Polis that's why their prices is soaring now. 

[fatcatcoin]

the biggest problem with ATLAS is there is no incentive to buy it, you buy their ships off them with USDC, sure the secondary market has ATLAS ships but most ships are bought in USDC.
then these ships make ATLAS rewards and people buy the resources with the ATLAS it generates, after they sell the excess ATLAS.
it means they just get ATLAS and bought in with USDC so its just a negative on the ATLAS token.

its a big problem in move2earn and play2earn they build these ecosystems that just don't have driving forces to actually earn.

this is actually a problem I spent a long time thinking about and started my own project to solve

[Jackl87]

Did not see that coming ! I had already sold my POLIS tokens, but bought some back last night ! Anybody knows what's happening ? This project had lost some serious money with the FTX collapse  and I thought it was all over for them, but it seems I was wrong ! I guess it goes back to fundamentals... Star Atlas is a heck of a project, with a huge following and I think most of us want to see it succeed. I did not see the Atlas token following though, for some reason only the DAO token is pumping.

When i read the title of this thread i was expecting to see that Polis did a x5 or so within a very short amount of time or something. I just checked and it "only" went up like 22% in the last 24 hours. Of course this is still a great development, because we are in a deep bear market at the moment, but i still expected more.
I also thought about investing into Polis a few weeks ago and so far i didn't do it because i invested in another project but i think just because it went up 20% now does not mean that it is too late to invest into Polis now. It's ATH was at more than 10 $ per token so we are still in a very good buy range in my opinion. Maybe i buy a few myself too.

[shinratensei_]

Pump and dump token and no more. Star atlas has been dumping so hard and the current pump meant nothing for sure. I think that you shall aware with overall chart and it has been dumping so hard from 30 cents to the 003 which has been proving that this project was bad.

This was short term pump. As far as i know if this project didn't have good development result. The minigame that already made was only a way for the team to fool people.

There are some rumours about partnership and game that will be rolling out. that might become the main reasons that triggering the price to be pumped

[MFahad]

Did not see that coming ! I had already sold my POLIS tokens, but bought some back last night ! Anybody knows what's happening ? This project had lost some serious money with the FTX collapse  and I thought it was all over for them, but it seems I was wrong ! I guess it goes back to fundamentals... Star Atlas is a heck of a project, with a huge following and I think most of us want to see it succeed. I did not see the Atlas token following though, for some reason only the DAO token is pumping.

Actually market is in bear condition and you can see all big project token are not performing well. Sand and Mana which is backbone of Metaverse have not shown any positive movement. Atlas is very good  project but Market should be recovered and then all coins will make history like Shib, gala did last year

[Len Saldua]

There are other Altcoins pumping not just Star Atlas. Part of the reason is that Bitcoin is basically moving sideways and market cap dominance is still very very low. So many tokens that have reached all time lows in November are bouncing back furiously, and Star Atlas is of course one of these. The thing is once a project starts going up and up FOMO spreads and fans of the project ( such as myself ) that had a small stake on it get optimistic and jump in. Outsiders follow and this creates an avalanche of new investors into the project, which in this case was very good to begin with. So unlike Shiba, this project is arguably the best game we've seen in crypto so far and we get regular updates on what is happening with the ecosystem and it's development. So the transparency is one thing that is driving people away from DeFi now and into GameFi. I see the same thing happening with Illuvium with regular updates and lots of fan engagement so even though at the bottom of the bear market people still want to buy into a project that may be huge in 2024 - 2025.

[vv181]

~So unlike Shiba, this project is arguably the best game we've seen in crypto so far and we get regular updates on what is happening with the ecosystem and it's development. So the transparency is one thing that is driving people away from DeFi now and into GameFi. I see the same thing happening with Illuvium with regular updates and lots of fan engagement so even though at the bottom of the bear market people still want to buy into a project that may be huge in 2024 - 2025.

One thing that became my concern regarding GameFi is that the ecosystem itself must and should sustain because of the game's entertainment. If some project is solely dependent on an investor or player who is mainly on the project because of the money, it won't be long last. The way for GameFi to thrive is to build a playful game with a long-term concept in mind. And that project must have a thorough game design to make the player stays in the game.

If we talk about longevity, transparency within GameFi has lesser significance compared to the entertainment of the game itself. What is the point of the game being trustful, but it's not having and attracting any player.

[cryptoaddictchie]

Did not see that coming ! I had already sold my POLIS tokens, but bought some back last night ! Anybody knows what's happening ? This project had lost some serious money with the FTX collapse  and I thought it was all over for them, but it seems I was wrong ! I guess it goes back to fundamentals... Star Atlas is a heck of a project, with a huge following and I think most of us want to see it succeed. I did not see the Atlas token following though, for some reason only the DAO token is pumping.

Could be manipulated as well by whales. We all knew that FTX has been destroyed and most related projects are down but I think Star Atlas is been a good nft one. I highly doubt that there are other fundamental reason concerning the pump and might be short term in terms of money cash flows.

[SquallLeonhart]

Did not see that coming ! I had already sold my POLIS tokens, but bought some back last night ! Anybody knows what's happening ? This project had lost some serious money with the FTX collapse  and I thought it was all over for them, but it seems I was wrong ! I guess it goes back to fundamentals... Star Atlas is a heck of a project, with a huge following and I think most of us want to see it succeed. I did not see the Atlas token following though, for some reason only the DAO token is pumping.

I am 99.99% sure that you are not a shill because why would star atlas need a shiller on bitcointalk, they are much bigger than that, they got funded millions and millions of dollars so they don't need it.

However, it is also true that the people at the helm are geeks and nothing more, which means there is a chance they could build a great game one day, if they can afford to build it with the right people, which costs a lot of money, but at the same time we are talking about nobody that understands about marketing. That is why there are these increases in price time to time, because they see a drop, and remember marketing could help, do it once, go up in price, then forget about it again.

[goaldigger]

Did not see that coming ! I had already sold my POLIS tokens, but bought some back last night ! Anybody knows what's happening ? This project had lost some serious money with the FTX collapse  and I thought it was all over for them, but it seems I was wrong ! I guess it goes back to fundamentals... Star Atlas is a heck of a project, with a huge following and I think most of us want to see it succeed. I did not see the Atlas token following though, for some reason only the DAO token is pumping.

Could be manipulated as well by whales. We all knew that FTX has been destroyed and most related projects are down but I think Star Atlas is been a good nft one. I highly doubt that there are other fundamental reason concerning the pump and might be short term in terms of money cash flows.

This is just like a normal scenario for a hyped project, this will be good for short term because whales will start to play with it and dump it later on. If you are able to enter and have the opportunity to buy at a cheaper price then grab some, just do profit talking once you already have the opportunity to do so. There’s a lot of money with this project, i wonder what would be the next trend after this big pump, so lets see if they can keep this momentum up.

[crzy]

Its a 44% increase for today and maybe its because of their upcoming Alpha drop.
Not sure though why its pumping but its a good sign of recovery after falling from their all time high after suffering a big loss from FTX. This might be temporary but if this game continues to make good progress then eventually it will rise again. I’m not buying for now because this might be just a trap, better to be more cautious as well.

[cryptoaddictchie]

This might be temporary but if this game continues to make good progress then eventually it will rise again. I’m not buying for now because this might be just a trap, better to be more cautious as well.

This is a triple A nft game. For sure there is a chance that the game is improving their development and people are seeing it. But just like you said, it could be a trap right? Which is quite possible given that the market is bad and maybe using the hype of the news for alphadrop into a pumping mode sensation.

[kelonmusk]

I think, FTX crash had little to do with it. In fact, the team has been working hard on the project and just recently announced a partnership with Star Atlas, one of the most anticipated VR gaming platform.

As always, the price of POLIS will be determined by the market forces, but it seems that more investors have taken a liking to this token after the recent news on FTX and Atlas.

[Crypt0Gore]

In a bear market if a project keeps following their development roadmap and also bringing in new partnerships they will be noticed and it can boost the project's adoption.

Don't get carried away with the recent pump for we are still in a bear market so downside is very possible, there is a lot of time left for more accumulation. As for those selling their POLIS tokens you are doing it wrong.

This project is very active and there are few others like it, e.g Everdome and Illuvium.

Good luck everyone.  👍

[el kaka22]

Unfortunately, there is a big amount of money going on in the crypto world that is not attached to anything long term right now. Many people got out, and they are in cash and they could do whatever they please with it. And as we all can guess, it is not an easy thing to just keep it in control forever, it could cause a lot of trouble for many people if it goes directly to one project for a pump and dump.

This doesn't mean that Star Atlas had a pump and dump, but it also means that it wasn't one neither, it could be anything and any project. So we should always be careful with the low cap stuff, and even things like star atlas which could be considered midcap and not a low one.

[o48o]

Did not see that coming ! I had already sold my POLIS tokens, but bought some back last night ! Anybody knows what's happening ? This project had lost some serious money with the FTX collapse  and I thought it was all over for them, but it seems I was wrong ! I guess it goes back to fundamentals... Star Atlas is a heck of a project, with a huge following and I think most of us want to see it succeed. I did not see the Atlas token following though, for some reason only the DAO token is pumping.

Oh it's pumping?



I guess when we look close enough we can see some pump, but about the reason? I haven't heard anything special had happened. My guess is that at some point everything needs to hit a bottom, so maybe it did just that. I would be interested to buy but i haven't yet looked the tokenomics nor i have played the game.

[fatcatcoin]

yeah it still has a lot to go... their whole eco system is getting crushed because they keep selling ships that make ATLAS, every day more and more ATLAS is being pumped out by ship staking and its just creating negative pressure on their whole eco system.

I think move2earn and play2earn have to rethink their 2 coin economies I don't think that's a sustainable way.

[TastyChillySauce00]

yeah it still has a lot to go... their whole eco system is getting crushed because they keep selling ships that make ATLAS, every day more and more ATLAS is being pumped out by ship staking and its just creating negative pressure on their whole eco system.

I think move2earn and play2earn have to rethink their 2 coin economies I don't think that's a sustainable way.

If atlas was sustailable enough and it will never have a horrible chart like that. It goes from above 15 cents to the 0.003 USD. This is pretty much the same like a soft rugpull token lol. The same problem faced by SLP as it was being minted without any limit. The price has been crashing so hard.

I didn't know why those scammy developers were getting bunch of money while they can't even think a proper tokenomic mechanism that will not be triggering the inflation. It seems like the game being made by developers just for money.

The team behind atlas were not even making a proper game. People over reacted with alpha drop. It 's slowly dumping again now.

[BitDane]

the biggest problem with ATLAS is there is no incentive to buy it, you buy their ships off them with USDC, sure the secondary market has ATLAS ships but most ships are bought in USDC.
then these ships make ATLAS rewards and people buy the resources with the ATLAS it generates, after they sell the excess ATLAS.
it means they just get ATLAS and bought in with USDC so its just a negative on the ATLAS token.

its a big problem in move2earn and play2earn they build these ecosystems that just don't have driving forces to actually earn.

this is actually a problem I spent a long time thinking about and started my own project to solve

I see the same game as this, selling their NFT via USDC and reward the holder with their native token.  I think this is a simple milking the investors process.  The current market price rally is probably one of the antiques of the project developer to hype the project and sell more ships that can make more money.  Actually the systemin is no other than a Ponzi scheme.  Just watch how this project collapse when the community become huge enough so that new comer cannot sustain the price.  The incident I am talking about happened to Axie Infinity, so I don't think this game will be an exemption.