According to the current mining progress, we have completed half of the entire mining process. In the past 5 days, using 300 BNB, we have successfully mined 700 BIO. Currently, the lending interest rate for BNB remains at around 30% annualized. Based on the initial borrowing cost calculation, the mining cost for each BIO is approximately $1.5.
Referring to historical data, participating in new coin mining activities through lending usually does not incur losses. Therefore, we can reasonably speculate that the opening price of BIO will be between $1.8 and $2.5.
If we calculate based on each BNB being worth $10, then 300 BNB can total a value of $3000. Considering that 700 BIO has already been mined in the past 5 days, it means that approximately 1400 BIO may be mined in the next 5 days. Thus, the expected opening price for each BIO will be close to $3000/1400 = about $2.14.
It is worth noting that the pre-market trading price for BIO is currently around $1, which has about double the space compared to our predicted price range, making it more cost-effective than lending mining. However, please remember that the cryptocurrency market is highly volatile, and actual results may vary; investors are advised to carefully assess risks before making decisions.
I am a newcomer who entered the blockchain field in 2017, keen on finding relatively stable arbitrage opportunities between centralized exchanges (CEX) and decentralized exchanges (DEX). I look forward to sharing and discussing opportunities and the latest developments and opinions in the crypto community with like-minded individuals. As a long-term investor, my current main positions (btc, bnb, uni, cake, wld have been sorted by position size). If you are also passionate about cryptocurrency, feel free to like, follow, and leave comments to share insights.