#MarketRebound
As I wrote yesterday in a previous post, the cryptocurrency market as a whole and #BNB (the coin I trade) are showing a rebound after the correction.
Part of the growth of bnb is due to the start of farming on #lanchpool coins #BIO (project #BIOProtocol ), which started tonight.
Farming will be available for 10 days and I predict a decrease in the price of bnb by the end of this period by 7-8%, because traders who bought bnb specifically for BIO farming (which contributed to the rapid growth of the price of bnb yesterday) will sell. Since farming on lanchpool has recently been bringing only 0.5% to 1.5% on the capital that we block (depending on the project), it is more profitable not to block bnb for this period, but to trade it.
Therefore, today I sold some of my coins to buy them back in 9-10 days during the sale
$BNB .
By the way, what do you think about the BIO coin? What are the prospects for the project and what will be the opening price of the Bio/Usdt trading pair? What will be the price dynamics in the future?