Binance is going to list Space ID token this week. What do you guys think about this token? Can we expect at least 1$ value in this coin? As I can see there will be very big movements because this project is making hype in twitter because of their airdrop phases.
As the coin will be newly listed, there will be high volume and price movements. It opens with high price first, then finds equilibrium. Airdrop recipients will naturally want to sell it. Volume remains high until these trades are finished. As for the project, I don't think it will survive in the long run. When the hype ends, this will be one of the forgotten tokens. It's similar to dot-com bubble, with a web3 sauce.