Binance paying special attention? This coin may become a new investment hotspot!
With the official last round of airdrops concluding yesterday, the only potential unfavorable factor we may encounter in the short term, I’d like to share some of my not-so-mature thoughts on the upcoming trends. If opinions differ, I hope everyone can be understanding.
First, regarding the long-term trend, I am quite optimistic. Friends who understand a bit about finance know that the stability of a project's fundamentals is a big deal. From the information we have so far, the fundamentals of this coin are quite reliable. Those who have read the official white paper probably have a good sense of its value; this project is worth a lot. Coupled with several professional investment institutions investing money, the prospects for this project must be promising.
Before the opening, I wonder if any attentive friends noticed that Binance has been paying special attention to this project, occasionally sending out reminders, and the opening date happened to coincide with the day the Federal Reserve cut interest rates. The frequency of new coins being listed previously has practically come to a halt compared to this coin. The recent new coin BIO will not be listed until January 3rd next year. Although we cannot be sure what direct relationship Binance has with this coin, it certainly feels like Binance is giving this coin a bit of special treatment. The day before yesterday, Binance announced its investment, confirming the identity of investors. Investors must think about how to maximize their return on investment, and for those looking for long-term investments, this must provide more confidence.
Now, talking about the short term, the last wave of circulating coins for this year has been released, and the market makers bought quite a bit at low prices a few days ago. The coin price may continue to rise in the short term, so those looking for short-term trades should stay alert. While I am optimistic in the long run, I also know that the trend cannot just rise straight up; there will be ups and downs, which gives opportunities for short-term traders to make profits. Given the current situation, those shorting should take profits and stop, do not be too greedy; those going long should also not lose sight of the bigger picture for small gains.
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