Don't rush into this project $BIO !
You see, in the first phase of the private placement, the cost was only 0.01054, and in the second phase, it was just 0.02078. Those who participated have now earned dozens of times their investment. The public offering is even more exaggerated, with costs in the three phases being 0.0256, 0.004277, and 0.06596, with the lowest returns starting at ten times. Now the spot price of BIO is 0.74, do you think this price is high?
Furthermore, let's talk about the current situation; the project has just launched, and the selling pressure from the airdrop is still present. Both private and public placements have some unlocked tokens, and the supply in the market is considerable. Moreover, there are no comparable cryptocurrencies in this sector, and we have no idea if it's worth the current price; whether a market cap of 1 billion is overestimated or underestimated is uncertain. The risk and return are completely disproportionate, going in is just gambling.
So, my advice is, don't rush to buy this spot; it's better to observe for now. Wait until the situation clarifies before you take action.
