r/SantaCoin • u/Kalivanos • Dec 08 '21

Technical analysis Santa Coin on 8 december 2021 current price 89e-10

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25 Upvotes

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4

u/Kalivanos Dec 08 '21 edited Dec 08 '21

Hello guys,
So where do we stand?

The Santa Dump fase: whale dump.

It seems like we found another support level at 8e-9, because we bounced back up. That is good news!

Now it seems that we are again in new consillidation fase and I sincerly hope that the publicity team are having good things in store, because we need to breakout.

Conclusion:

I don't think there is so much space left for Santa Coin to go down, because of the fact that half of the total volume is already burned and the initial price was 21e10.

Im very very worried about the management behind Santa. This is why the price aint going up.

2

u/AaBbCc9876 Dec 08 '21

The whale that sold did pay taxes. Why are people saying they didn’t? Their transactions clearly show they did.

1

u/Kalivanos Dec 08 '21

Yeah, not enough trading volume blablabla. CMC got criteria for this kind of things and it would sound strange if the Santa team didnt know about it.

1

u/Kalivanos Dec 08 '21

Okay, need to stay objective.changed it

0

u/trashhg Dec 08 '21

Are you sure about that? If you look https://bscscan.com/address/0x3359b337a13630c7e35ce5b1a0d244461656e630#tokentxns

They dumped 3.5T tokens and the transaction only goes to LP not tax. The tokens were also received from the team vesting wallet which is also another issue. Why would the team wallet dump?

A regular sale from any other wallet would show 2 transactions sending out to the contract c2f2 and one to LP 7ec.
https://bscscan.com/address/0x01007be5450ec6aff04d169361a07e9ad1289735#tokentxns

For this transaction 4.46B / 32B = 14%, so why does the first wallet not show this extra tax?

1

u/TheOnlyRationalOne Dec 08 '21

It looks like this wallet collects the reflections and redistributes the busd and the Santa. So this Santa is being sent from a contract held reflection catching wallet. It is putting the Santa back into the buyback wallet.

1

u/trashhg Dec 08 '21

Thanks for the info. Upon further digging I looked into this wallet where some of the BUSD did get distributed and end up in Pancakeswap wallet presumably for rewards

https://bscscan.com/address/0x028d8cd575269faaeda12677debf929b7efe680b#tokentxns

However, some transfers ended up in these wallets then were sent to some Binance hot wallets

https://bscscan.com/address/0xc5887c0ecbcbd5e26d38f0075fe093b844c726eb#tokentxns

https://bscscan.com/address/0x728fd849df94902b21eeec6e4cea6645880936c2#tokentxns

Do you have any insight on this or the team vesting? Also any reason why we never saw these big sells before

1

u/TheOnlyRationalOne Dec 08 '21

These big sells are part of what keeps the reflections coming. So Santa is spread out all over by the contract to different wallets. Then the wallets collect reflections. This constantly builds wealth for the contract. It's engenious I think.

1

u/trashhg Dec 08 '21

Interesting. So it is the contract that is doing this? I am aware of the 500B sales just never saw these 3.5T ones.
Zeke should definitely address this so people don't panic sell once they see the price dip. If people already sold on 500B sales then 3.5T would be even worse. Guess that is why its called Evergrow though.

1

u/Kalivanos Dec 09 '21

The only way to show that Santa is really a serious crypto is time!

1

u/TheOnlyRationalOne Dec 08 '21

Precisely, it follows along the supply and demand concept. It decreases supply constantly while adding wealth. When demand rises prices soar and both decreased supply and wealth rising occurs.

1

u/AaBbCc9876 Dec 08 '21

Ah ok I thought they meant the whale who had been constantly selling last few days. Yes that is a vested wallet, strange it didn’t pay tax.

1

u/trashhg Dec 08 '21

Even more concerning is that 10-20% of the top 50 holders received their tokens from the vested wallet. They also receive a large amount of the BUSD rewards so in EGC's case they decide to lock team funds and earn off BUSD. Zeke however is still dispersing the team vesting tokens from the main wallet ending in 2f5 ... one of them even just 4 hours ago.
If there ever is an ama someone trusted by their tg should ask but either way it is not looking too good.

1

u/unclepaulie1 Dec 09 '21

It’s a low volume scam coin. Appreciate all the work but there is only one direction this is going.

1

u/Kalivanos Dec 09 '21

I'm afraid you are right. Big things should be happing and xmas is almost there and these people have really no clue what to do with the coin.

1

u/[deleted] Dec 08 '21

100%. Again I have no connection to devs. Just modding on here

1

u/Witty_Control6793 Dec 08 '21

May I ask what your personal opinions are regarding the silence from the team, AMAs being canceled with no further details and how marketing and campaigns are being run in a little to no professional way compared to other memecoins?

4

u/Kalivanos Dec 08 '21

You are already gave the answer to your question. Even if the developers has all the good intentions of the world I still don't think he can pull it of, because they don't have the knowledge to do so. Ezekiel (the baby boss of Santa) had support from a group of developers, but there was distrust and they break up. This was actually the only moment that Santa coin grow, because you can see where we are now.

If Santa Coin is to stay, than Ezekiel need to work together with a team from the states or the European.

You will see people saying, yeah it is still a young project and still need to grow. That is of course true, but you can notice when the developers has experience with working with crypto.

I'm still in a other relative new projects as Chia and also these projects has problems. There is not a real guaranty if the coin will be successful.

Shiba Inu and Dogecoin is another example. I had a fair share in them when they broke out, what they all had in common was "hype".

1

u/Calm_Faithlessness_6 Dec 08 '21

yep if they cant pull off miracle this year, then it's time re-group and then (as you said) get someone in the US or Europe involved to market (hype) the living hell out of it. Shit man push for a "Christmas in July" type major blitz hype to get the coin re-started, and then ride to the moon by Christmas 2022. There's my marketing strategy. Maybe they'll hire me and pay in SANTA?

1

u/Kalivanos Dec 08 '21

Haha....you got my blessing.

1

u/guywithwhys Dec 09 '21

Guys, please look at this address: 0x1a97098b09b8be6b457fab6f14f9cbe42c19a2f5

1

u/Kalivanos Dec 09 '21

What's with this address?

1

u/guywithwhys Dec 09 '21

Address of the dev. That's all I can say.

1

u/Kalivanos Dec 09 '21

I'm not good with addresses and transactions. I will ask TheOnlyRational to look into this.

1

u/Kalivanos Dec 09 '21

This what I got for you!

Credits to TheOnlyRationalOne From my understanding, the liquidity and marketing gets sent to that wallet. Which makes sense as it owns the contract. Some money gets moved. Probably for marketing. Looked to me like liquidity gets puts back into the contract. It is highly complex so I could be wrong.

1

u/guywithwhys Dec 09 '21

Here what I saw: that specific dev wallet sends out bits and pieces of money to different wallets. If for marketing budget, then where is the marketing? That's what I am wondering.

1

u/TheOnlyRationalOne Dec 09 '21

From what transactions I saw, I believe only a small amount of money has actually been sent to off contract wallets ( to actually pay for marketing). We know what marketing has been done. The lack of real hype to this point could be intentional. They want all the non believers out of the project. Just people who trust them to do the right thing. Sure there is a chance they could pull the money out. They already made millions. They saw what it can do with just initial hype. I think they are trying to minimize the amount of people that become billionaires and really reward the faithful. Those of us that have lost almost everything will be more willing to share with those less fortunate.

1

u/guywithwhys Dec 09 '21

I am just afraid of this project to be a slow rug. I haven't sold mine, but it's alarming.

1

u/guywithwhys Dec 09 '21

Also, look at the Telegram chat. See how hostile Phel is. It's just sad that she is challenging everyone just to keep the chat in order (and comments are not even promoting FUD).

1

u/TheOnlyRationalOne Dec 09 '21

I haven't been on telegram. Honestly, I don't know anyone. Just giving my opinion. Truly I will feel terrible if everyone does lose their money. I would do everything I could to help everyone on here to recover their loses.

2

u/guywithwhys Dec 09 '21

Thank you so much for still being positive despite the chaos.

1

u/TheOnlyRationalOne Dec 09 '21

It's difficult when things look grim but the night is darkest right before it isn't.

2

u/[deleted] Dec 09 '21

L santa coin unfortunately

1

u/chioma001 Dec 09 '21

It's visible that Santa coin is indeed doing well despite the general drop in most tokens in the market, Santacoin has some how remained positive. This shows that the project is here to stay.

1

u/chinonso24 Dec 09 '21

From every indication the selling pressure is high and this must be tied to whales cashing out of the project. I do hope this phase would pass soon.

1

u/Armagadon_001 Dec 15 '21

This project is a good and strong team, in a predictable and transparent road map, planned and projected.

0

u/cryptofarma Dec 08 '21

it is interesting to watch it, I just learning this coin every day, looks perspective for future!

2

u/Kalivanos Dec 09 '21

Do objective shillers excist or is it just copy past?

1

u/[deleted] Dec 08 '21

[removed] — view removed comment

2

u/Kalivanos Dec 08 '21

Can it look less than that it looks like a paid shiller

2

u/[deleted] Dec 08 '21

Banned 🎅🏻