In an exclusive chat with a Nigerian crypto expert, he pointed out why Davido's newly launched coin crashed in market value.
He claimed that $DAVIDO still holds potential if strategic steps are taken and suggested possible solutions the Grammy-nominated artist should seek to build value and trust with his digital project.
In his words:
"Davido's token is falling because he lacks community and utility. You can't just rule it out as a total scam, except Davio decides he will not talk about the project again. Then, it can now be ruled out as a scam.Then, it can be assumed that he has launched a project and just abandoned it. The project has a lot of potential to scale up more than it is doing now because it can tie his coin to many of his activities, like virtual concerts where people buy tickets using the token.
"The project is not dead yet; it still has potential. He should consult other crypto experts and try to create a stable community and utilities for different groups of people so that values can be attached to it.
They might be doing some other work underground.I noticed online that some experts have DMed Davido to help him create utilities for his token. "
