#MyFirstSquarePost Hello, Binance Square!
I have been accumulating #aevo @aevoxyz for around 7500 USDT and gonna top up another 1000 USDT in margin trade
We all know the market has been dumping a lot đ, but now we also see Bitcoin dominance has dropped to 55% as you can see from tradingview
There is a good reason why I do this but let's see what will happen.
#AEVO itself is a DeFi project in which the exchange having derivatives product. That exchange runs custom EVM roll-up to #ethereum. It operates off-chain orderbook with on-chain settlements.
Few reasonsđ€:
1. Exchangers are getting more difficult to regulate perpetual trades and DEX without KYC will be alternative
2. AEVO itself already dumped more than 90%, 80% token unlock also already done which is why I think this is at most bottom already, even below listing price at marketcap around 300M $USDT
Potential Income đ°:
1. My prediction was wrong in beginning but if #AEVO broke 3USD this year, I probably make around 4000 AEVO and its going to be around 12,000 USD in profit
Other DEX: #GMX #DYDX
https://bento.me/jacuzzigirl
#Dyor2024 #personalopinion
