Moreover, the essence of the HSK coin is that it is used by the project party to cash out and sell. The main reason is that the exchange has been losing money. According to the latest report, HSK lost 500 million HKD in just the first half of the year. What everyone has seen in the past two days regarding the IPO looks favorable, but in fact, there are hidden significant downsides. If HAK's cash flow is cut off and they do not raise funds soon, it is estimated that they won't be able to hold on for much longer before a disaster strikes.
So in a short time, there are expectations that hsk can multiply several times, but the project team has no money. If HSK can increase by 10 times, wouldn't that be the same market capitalization as Gate's Platform Token GT? Do you think this is possible?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$HSK continues to fall
Moreover, the essence of the HSK coin is that it is used by the project party to cash out and sell. The main reason is that the exchange has been losing money. According to the latest report, HSK lost 500 million HKD in just the first half of the year. What everyone has seen in the past two days regarding the IPO looks favorable, but in fact, there are hidden significant downsides. If HAK's cash flow is cut off and they do not raise funds soon, it is estimated that they won't be able to hold on for much longer before a disaster strikes.
So in a short time, there are expectations that hsk can multiply several times, but the project team has no money.
If HSK can increase by 10 times, wouldn't that be the same market capitalization as Gate's Platform Token GT? Do you think this is possible?