The player Daniel Alves is another one to enter the cryptocurrency market, although he enters a project that is not going through a good time and has already been devalued by 97% since November 2021, when it reached its maximum listing on the market.
Unknown to many cryptocurrency investors, the Light DeFi token is one of many created on the BSC Chain network.
In a study conducted by live coins this Monday (19) LIGHT has only 29,008 holders. Yet more than 37% of tokens issued are concentrated on just 3 addresses.
Daniel Alves becomes a partner of cryptocurrency that has been devalued by 97% since 2021
The Light DeFi token announced that Daniel Alves is the new partner of its activities, becoming primarily a partner of the group that maintains the project, based in Uruguay.
With representation in Brazil, the cryptocurrency has been seeking investors to promote a potential sustainability project.
Now, with the announcement of player Daniel Alves, the cryptocurrency that has already been devalued by 97% since 2021 is trying to survive. This is because the arrival of the player brings new visibility and tries to attract new investment to the ecosystem.
On his Instagram, which has 38 million followers, Daniel Alves shared a cryptocurrency publication that he is now a partner.
Claiming to work with photovoltaic installations to generate renewable energy, the criticism of some of the project’s investors is that, even after more than a year of operation, nothing has left the drawing board🇧🇷 So even the arrival of a player in the cryptocurrency team did not have a major impact.
The arrival of Daniel Alves has no positive effect and the price drops again
According to information from CoinGecko, even with the arrival of Daniel Alves, the Light DeFi cryptocurrency has lost 7% in the past 24 hours. With a price of US$0.000071 each, LIGHT remains well away from the US$0.0035 quote reached on November 17, 2021.
In other words, even the reinforcement of Daniel Alves has not excited investors, who are still waiting for concrete news about the energy development proposed by the creators of the project.
It is worth remembering that 2022 was a difficult year for cryptocurrencies, with the market falling. Thus, smaller and unknown tokens have suffered even more, as they pose a great risk to investors, who lose all their money by investing in bets.
With a low trading volume, in addition to a negligible market value, Light DeFi remains the bet of some investors, even with the reinforcement of a famous football player.
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
