$SYN This is why I am not a big fan of buying and holding highly volatile tokens for a long time:
1) SYN was listend on Binance on Feb 2023. After the regular listing pump it reached around 1.97 USD. Itâs normal after the listing and pump to see a gradual decrease in price for the 1st year⊠and thatâs exactly what happened
2) On October 2023 SYN reached an all time low listing at 0.26 USD. I believe that was a good time to buy for numerous reasons.
3) here is where it got tricky to many investors exactly 1 year after its ICO SYNâs price jumped over 70% in a couple of days imagine (for who ever did not consult an experienced analyst and bought after that today they have lost over 60% of their investment)
4) I am genuinely not against extremely volatile tokens but please do your research, use bots if you are not experienced, and donât hold for long.
I really hope that May is the end of SYNâs long bearish cycle đđ»âš
