I begin my journey in #Write2Earn with daily analysis. Do you want my first post to focus on why I think $WLD could surprise in the coming weeks (like it!) or whether $ETH will manage to break through a crucial support level (comment!)
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$USUAL is about to collapse, despite having an RSI indicating oversold, the traded volume is also falling sharply.
Remember that the currency had a pre-market where many acquired it at low prices and even with a value of 0.5-0.6 they would be in the green, leaving all those who have been buying it after its all-time high in the red.
BNB is one of the few coins that did not react to the market rises of the last 3 days. Added to the loss represented by holding it to receive $BIO since many acquired the token at prices higher than what it is today
Good day crypto-illiterates, the market seems to be correcting today Sunday, is it time to take profits or buy more?
The crypto market is highly speculative and the price of coins will largely depend on what people are willing to pay for them trusting that at some future time the coin will cost more and they can earn. Although there are those who short (short) which is totally the opposite. However, if you are new to this world I advise you to stay away from future trading, it can make you a millionaire but you will most likely end up bankrupt or without the deposited funds.
Remember, always invest the money you can afford to lose
While it is true that $WLD has recovered in the last 3 days, the coin still has a long way to go to reach the coveted level of $3.
Currently, it is trading at $2.4, entering a consolidation zone and a support level that increases bullish sentiment, with $BTC once again hovering around 100K, the outlook seems promising for recovering levels above $3. However, not everything is so easy due to the high selling pressure from people who, once verified, exchange their coins for Fiat money and others who sell their coins to make profits out of fear of a correction.
A new Binance airdrop and people still don't understand much about what it is or why the coins show a stratospheric % increase
$BIO joins the already extensive list of Binance launches and in short it is a platform that facilitates investment in biotechnology projects. Owners of #BIO will be able to participate in initial private auctions of new projects that must previously be incorporated into the network.
Why does the price show a +2000% and who was able to acquire tokens at the minimum price? The short answer, investors. Generally they are given an equivalent in tokens or a share proportional to their disbursements, this is done by pricing the token at a price that does not correspond or adapt to market behavior and its fluctuations once launched obey supply and demand, as well as the acceptance of the currency
I see a lot of offended and confused people with #BIO , even people claiming to have bought the token. If you have any questions about it, please comment them.
People waiting for a x50 on $WLD need a dose of reality, although the odds of this happening in the medium term are not 0, it is very unlikely due to the amount of tokens in circulation and even more difficult when the $10B of tokens are fully issued. Currently, approximately $860M of tokens have been issued with a market cap of around $1.8B. There is strong resistance at $2.2 and the bearish momentum threatens to push the token below $2, which would quickly increase the volume and the price would rapidly return to consolidation zones due to its high demand.
A market capitalization of $3-6B is somewhat more realistic, but if it is not reached in the coming months, the token would suffer significant inflation due to the new issuance of tokens.
Everything depends on the strategies of the company behind it, the interest of buyers, investors, token burning, behavior of the crypto market, launch of new features in the app, new announcements from the developers, among others. As of today, there are meme coins with absurd market capitalizations, so seeing a WLD hovering around $6 does not seem far-fetched.
Invest carefully and aim to increase your position in a currency if your plan is long-term.
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