What price for #IO when the floor list and why #BNB dropped so much?
There are about 3 hours left (12:00) until IO will be traded on Binance, so what is the price for IO Token?
IO is a token of the Solana network, so it is difficult to get a good price like on the Ethereum network. Based on the total supply, the new price on the floor list is unlikely to exceed $5. The highlight of this one is that it follows the AI trend, so I also hope can earn good profits.
However, I predict that IO's ath when first listed on the exchange will hardly exceed 3u, because the market is entering a deep adjustment period, BNB has dropped 15% from the ath just established not long ago. Other coins from Binance's previous projects also dropped extremely later, such as NOT, then extremely hot, increasing 7 times since then and now also dividing by 2 from the peak. My condolences to those who choose NOT, as I shared in the previous article, NOT is manipulated too clearly.
And the fact that IO is listed on the floor at this time is also easily manipulated to get big guys to collect low prices. So I will sell half when the price is new.
Regarding BNB's rapid decline, the reason is profit taking. Binance launched a megadrop to lock up users' BNB and then push up the price. When the goal of BNB price breaking its ath to celebrate 200 million users is achieved, it will be time for many people. Withdraw BNB to take profit.$BNB
Compared to taking profit when the price is from 580u to 710u, it is clearly more profitable than holding to receive Lista at an ambiguous price. Now the big guys continue to collect BNB at low prices.
What are my actions? Continue to buy BNB, I believe within the next 30 days BNB will surpass the ath or at least reach a price close to the ath.
Hope you guys make money.