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.
Not really possible as the spike may happen due to hype, we know that Binance is a known exchange and people are thinking that once a project is listed on this platform, it can be trusted. But it was not just like that, the team also must have to continue putting in work and developing their project just to keep the momentum. Because it was not just about where it was listed but also matters on how the project looked like.
But yes, we should still be cautious about buying new projects as we can't simply ignore any possibility of an abrupt dump.