Today I am going to represent you graphs from last 15 Binance lounchpool projects plus some extra just so we can have a final conclusion about them.
As we know everytime Binance has announcement we start farming BNB like there is no tomorrow and at the end we get a share deducted to next lounchpool
I took my time and go back just to see how the projects perform after and if we can spot a recurring theme going on
Lets start with graphs and at the end I will give you my final though about everything. I will start from newest one and stop at HFT as a last one
And for the end a definition of big L
So what can we see looking at this graphs
It really depends if we are in expansion phase or corrective one ( if we are rising in crypto market we can expect that the new projects will perform better )
The best time to sell your bags is 5-15 minutes after lounch ( you can leave some just in case but only if markets are rising )
Most of them correct between 60-80 % before they find a bottom ( that's why please don't be naive and chase the hipe becouse you will be the one holding the bag for early investors)
My final though is that except for few there is a little chance for them to exist in crypto space. I think the Binance is doing this just so they defend ther native token ( becouse we staking it ) and at the end the fate is the same
If you are involved in any of those tokens next time please do a proper research check the team behind it and check the history of lounchpools so you get a better picture what you are going to involve with
As always I have nothing but med love and respect for you, stay safe, trade safely and stay GOATED #BinanceLaunchpoolView #altcoins #BinanceLaunchPool🔥 #CryptoWatchMay2024 #Memecoins