Post
Topic
Board Gambling
Re: 🎲BetFury.io|🎉BetFury Affiliate Program is live| 💸Earn with RevShare up to 60%
by
ultrloa
on 30/03/2023, 12:37:17 UTC
Those who wish Binance listing so badly, how many BFG do you hold? How many tokens you want to dump so badly that you sleep and dream about listing? I bet you have not more than several hundreds bucks worth tokens. New token listing rarely gives huge price multipliers. Based on coinmarketcap info, alts get x5-x10 on DEXes, so imho expect around x5 in most positive scenarios if BFG gets listed on Binance. What makes that you want to get your thousand or two, and drawn BFG to the bottom. Will it really be worth to drawn BetFury like that?

If at any day binance listing is announced, it will create a lot of hype and obviously, the price of BFG tokens will rise. I don't say that the price will continue to remain high as we are in a bear market.
If the team is really smart and willing to list on binance, they should make it happen during the bull season as at that time the prices may even cross the all time high. The timing of listing on the biggest exchange matters a lot.

Take a look on projects that were listed through launchpad: Space ID, Hooked Protocol, Stepn, Alpine F1. Every launchpad project gets a tremendous hype in crypto media. Compare listing price and current price later. You would find out that hype did not last long and altcoins price if not fallen down, then stays on the same level. None of the listed projects gained in value.

I would say that listing on Binance has a negative effect. After price pump during first days of listing, the project slowly turns into dead. Projects are like chewing gums, and Binance is a huge mouth. After few days, the gum is thrown away, or left for some time because it caused good memories and had good taste.

Hype if the dev cannot create anything to stop the selling pressure happening there. If they could just create some promotions which can make their token useful or worth to hold for sure their investors will not decide to sell their tokens so early.

That's why sometimes listing on top exchange is not enough since it also need fundings to support their token to gather more hype to their early adopter up to new investor which might show an interest to buy their tokens