Adeleke ❤️ Memecoin
6.8K posts

Adeleke ❤️ Memecoin
@zarrory
Crypto for now




I believe Naira should appreciate on the parallel market in the next few days, as the selling pressure should reduce. The demand for fx has reduced, as many students have gotten their PTA and many importers have placed orders for goods. Other currencies with similar policies have also seen an appreciation of their local currency, especially those in South America. Argentina saw an appreciation from 1k Pesos per USD to 860 pesos per USD, over the last two weeks, despite being in election period. Colombia and Bolivia also had similar rallies, in varying proportions. I see Naira dropping to between 1000/$ to 1100/$. If the bulls are aggressive, might get back to 900 ish per dollar. Just to be clear, this has nothing to do with Rehoboam and his propaganda lie of injecting $7B. Nobody takes the Nigerian govt seriously. The demand has reduced, as we have passed the peak period. Unless the govt meddles further with their Voodoo economics, Naira should appreciate on the black market.



















