💥💥ATTENTION TO THE $BANANA PROJECT 😎😎
Currently, the BANANA token price has dropped to around $30 as CafeBit warned on July 19. (article below)
👉I used to recommend 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 BTC crash last weekend, nor did I use the ptkt indicator to predict.
==> But because before that, I observed that the $BANANA price had increased too high, x10 compared to the TGE time. Surely ETH and SOL traders, along with sharks, will want to take profit.
🤔THE LESSON HERE IS, with each project announcing the Binance listing, you should cross-check other statistical platforms to see when the token was TGE, whether it had increased too much, and what the valuation was.
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Currently, BANANA is trading around 30 - 35 USD, with a capitalization of approximately 100 million USD, and FDV of 360 million USD (CMC statistics).
👉I think that the 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 the price range of 30 USD.
In my opinion, the altcoin market is currently experiencing a strong "inflation" in quantity because many projects continue to list on Binance. When the market explodes, not all altcoins may receive capital and grow strongly. => Therefore, you are forced to choose projects with special factors, top segments, products that generate real revenue, and attract investors.
For example, with BANANA, this is a DEX trading bot with high revenue, along with a strategy of sharing 50% of profits to holders. A large user community, mostly veteran traders on the ETH and SOL systems!
😍😍Anyone in the same boat $BANANA, please comment!
