CAN I BUY THE NOW?
I think we can wait a bit longer, the current market value is a bit too high, it’s not too late to buy after a pullback.
New coins listed on Binance generally go through a process of rising first and then falling, so it’s best not to chase high prices.
Once the market makers' driving effect weakens, the price may experience a pullback.
It’s worth noting that in the past couple of days, Binance has gathered a large number of KOLs in Japan to hold a learning camp. Hundreds of influential figures have come together.
During this period, Binance released an airdrop advertisement for THE, and almost all KOLs participating in the learning camp wrote articles about THE.
This is clearly creating hype for the THE project. In an era where traffic is king, this is a very impressive operation.
When these KOLs collectively release news, those users who are “late to the party” will jump in, pushing the price to continue rising.
When both funds and user traffic are in place, forming a consensus, the rising K-line and the percentage increase will prompt many to chase the price up.
Currently, many early investors have started to take profits in batches, so it is not appropriate to buy in at this time.
Even a good project needs a good buying price; if THE can really become the infrastructure of the BNB ecosystem, it’s not too late to buy after it has fully consolidated.
Looking at the current trend, funds and attention are starting to flow towards the BSC chain, and there is an overall trend of potential explosion, so it’s worth paying special attention to the projects that Binance has invested in.
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