LIVE๐ Last time, I took a stab at guessing $BB's price, but I'm not feeling as bold about fully circulating $NOT this time around. It's already trading on AEVO, and wow, the current price is sitting at a mere $0.00846. That's quite the drop. If this holds true, it might just be the lowest return in #BinanceLaunchPool history. Let's crunch some numbers first.
In this mining cycle, each #BNB nets you an average of 145 NOT, while $585.6 worth of FDUSD can mine 102 NOT. With these metrics, we can work out the following equation. With $0.00846 as the current price, BNB's yield barely scratches 0.2%, and FDUSD's yield dips to a meager 0.15%.
But let's be real here. This is Binance we're talking about, not some obscure exchange like AEVO, and $NOT is fully in circulation. Honestly, seeing it hover around $0.008 prompted me to offload some, though it hardly felt worth the effort. With 1,000 BNB, you're looking at a paltry $1,200. It needs to hit at least 0.5% to make it worth anyone's while, else it's just scraps. I might roll the dice, but definitely not advising others to follow suit.
As for the opening price, I'd wager it'll fall somewhere between $0.007 and $0.009. Once it steadies, there's a chance it could climb. It's fully liquid, after all. Here's hoping for some pattern opportunities, and let's try to avoid any face-slapping scenarios.
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