💥💥TOKEN UPDATE $BANANA 😎
Currently, the price of BANANA token has dropped to around 30 USD as I warned on July 19.
👉I recommended that you wait for the price to drop by 50% instead of rushing in when it was first listed, not because I could 100% predict the collapse of BTC last weekend, nor did I use the ptkt indicator to predict.
==> But because before that, I observed that the price of $BANANA had increased too high, x10 compared to the time of TGE. Surely ETH and SOL traders, along with sharks, will want to take profits.
🤔THE LESSON HERE IS, for each project announcing a Binance listing, you should cross-check other statistical platforms to see when the token was TGE, whether it has increased too much, and what the valuation is.
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Currently, the price of $BANANA is trading around 30 - 35 USD, with a capitalization of approximately 100 million USD, and FDV of 360 million USD.
👉I think that a circulating supply of 30% or more is quite reasonable in the current market context. Those who want to hoard BANANA can consider buying when the capitalization is below 100 million USD, equivalent to a price range of equal to or below 30 USD.
In my opinion, the altcoin market is currently being diluted quite strongly because many new projects are listed on Binance. When the market explodes, not all altcoins may receive capital and grow strongly.
=> Therefore, you must choose projects with special elements, top segments, products that generate real revenue, and attract investors.
