$BNB 's price shoot up to 700 even before the $IO announcement? I knew something was up that's why I staked $FDUSD instead of converting it. Now it's sitting on its original price range.
As I posted in my previous post, $BNB will drop significantly. It seems like the trend will be like this during launchpool. For those who bought $BNB just for launchpool, just keep it as it will recover in a few days.
If history repeats itself, the price of $BNB drops significantly during (not after) launch pool. It will recover a few days/week after, then the price goes up.
I've noticed the trend before the beginning of btc halving around march. Let's see how the market reacts this time.
Binance is launching another coin on launchpool. I've always stake using my BNB, but now that the price reached ATH, I'm afraid it will dip down. the allocation for the launchpool is 85% BNB and only 15% on FDUSD.
if I stake on BNB
Pros -if price remains around the same or higher -I can stake it to gain more points on 2nd megadrop -I gain more from launchpool
Cons -Price is too high -If it dip down significantly -it will be locked on staking
if I stake FDUSD
Pros -stable -I can swap it to different coin after launchpool
How many alt coins do you have? Personally, I have 22 but 9 and down. Is it better to have fewer coins? I'm HODling some, the others I do profit shaving/sell coins.