Post
Topic
Board Altcoin Discussion
Re: Binance Launchpool, a possible earning opportunity?
by
Ultegra134
on 30/01/2024, 09:52:48 UTC
You might need to check your listing date lol cos it was listed on Bitget January 25th. It's also not healthy to work with some random price prediction but ALT price indeed traded within the same price range and currently among the top gainers on Bitget at around $0.45. Let's see how it continues to perform moving forward.
Right, I corrected it; I don't know how I jumped from January to April. Altlayer is still performing quite decently, but the best performance I've seen from a Launchpool token is with Manta; it surpassed $3.50 per coin, and I had sold at $2.50. That was a huge opportunity.
Personally, in my opinion, it is really worth trying and joining the Binance Launchpool because the majority of coins or projects that enter Binance on average go up high because there are special privileges with entering the coins or projects in Binance. That's where we look for the benefits of joining the Launchpool and taking advantage of it. So I think it's really worth it to try this. Keep in mind this is just my personal assumption
Binance is one of the largest, if not the largest, exchanges on the market, so it's perfectly reasonable for the majority of projects listed there to skyrocket due to the hype and the immense amounts being put into farming.
I don't think there are many people who stake millions of dollars there, only a few people, the rest is a combination of many people.
and also some exchanges impose limits on the maximum tokens they will get.
Billions of dollars worth of BNB and FDUSD are used for farming on Launchpool projects. It's certainly not only a few people, but there are definitely whales taking advantage of it, earning thousands in the process.