Top performing alts during this dip as $BGB Hits $6

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

https://www.bitget.com/news/detail/12560604462518

ATH for BGB driven by the news of 40% total supply burn already achieved. It's time to retracing back again to the another bottom. I have already expected this to happen consider people buy the rumor and sell the news.

It's dropping so hard just after Bitget has released announcement the complete of burn. Let's expect to get it below than $4. I don't even willing to buy it alas it still remain above $4.

Let's expect it's continue to drop after another rumor for the new utility for BGB to come.

Phoenixtrader

member

Activity: 238

Merit: 11

Quote from: TastyChillySauce00 on December 29, 2024, 01:25:05 AM

BGB has been pretty great, good thing i hold some because i followed plenty of their launchpool but honestly this rally was definitely out of my expectation, I legit thought BGB just gonna dump like BNB or any other coin knowing it's near christmas and people are selling their bags because they need to.

I guess the fact that it has utilization to be used in thier various launchpool mean the demand is there and it derived from the fact that this coin is important enough for it to get some allocation from every coin trying to get listed on bitget.

regardless, i'm thinking of selling right now.

as for other coin, will start going up in january I think.

Sold mine at ATH couple of days before the retracment..NFA but if I get an entry below $5 I'll take it. Because after the initial burn, I believe we'll see more upside on the token..that's my plan.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

BGB has been pretty great, good thing i hold some because i followed plenty of their launchpool but honestly this rally was definitely out of my expectation, I legit thought BGB just gonna dump like BNB or any other coin knowing it's near christmas and people are selling their bags because they need to.

I guess the fact that it has utilization to be used in thier various launchpool mean the demand is there and it derived from the fact that this coin is important enough for it to get some allocation from every coin trying to get listed on bitget.

regardless, i'm thinking of selling right now.

as for other coin, will start going up in january I think.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Phoenixtrader on December 28, 2024, 08:06:22 AM

I think you're mistaken. I'm talking about utility tokens and not memes. Cos I see no correlation in what you posted here with what I shared. You could cross check

The correct term is "utilityless token" or better call them "useless" for short.

Quote from: o48o on December 28, 2024, 09:16:30 AM

I basically agree with you that 23% is nothing in here, but with coins that can raise >2000% in a day/week, you have to enter, while they still have micro market caps and no liquidity. And top of that they are very likely to be dumped to the ground in the near future no matter about their fundamentals.

While i have made money with such tokens / coins few times, it was all crazy luck and it's unlikely that i find new one without using ton of my free time. And ironically i value that free time over the potential profits.

Yeah, it is a trading strategy and it is risky but I consider its risks a lot lower than the risks of what most people do which is to buy some altcoin/token then wait a long time hoping it goes up so that they can make a profit.

o48o

legendary

Activity: 3080

Merit: 1178

Leading Crypto Sports Betting & Casino Platform

Quote from: pooya87 on December 28, 2024, 03:03:07 AM

For shitcoins, like the one you shared here, getting pumped 23% in 24 hours is considered a big failure. Such useless coins/tokens have to be pumped a lot more than that, basically anything above being doubled in price (100% pump).

Like the ones below which start from a nearly 5000% pump and the rest of the top 30 shitcoins pumped are all above 100% pumped in the past 24 hours. The volume of most of them is decent enough to make good profit if you get lucky enough in catching them without turning into a bag-holder.

https://coinmarketcap.com/gainers-losers/

I basically agree with you that 23% is nothing in here, but with coins that can raise >2000% in a day/week, you have to enter, while they still have micro market caps and no liquidity. And top of that they are very likely to be dumped to the ground in the near future no matter about their fundamentals.

While i have made money with such tokens / coins few times, it was all crazy luck and it's unlikely that i find new one without using ton of my free time. And ironically i value that free time over the potential profits.

Phoenixtrader

member

Activity: 238

Merit: 11

Quote from: pooya87 on December 28, 2024, 03:03:07 AM

For shitcoins, like the one you shared here, getting pumped 23% in 24 hours is considered a big failure. Such useless coins/tokens have to be pumped a lot more than that, basically anything above being doubled in price (100% pump).

Like the ones below which start from a nearly 5000% pump and the rest of the top 30 shitcoins pumped are all above 100% pumped in the past 24 hours. The volume of most of them is decent enough to make good profit if you get lucky enough in catching them without turning into a bag-holder.

https://coinmarketcap.com/gainers-losers/

I think you're mistaken. I'm talking about utility tokens and not memes. Cos I see no correlation in what you posted here with what I shared. You could cross check

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: pooya87 on December 28, 2024, 03:03:07 AM

For shitcoins, like the one you shared here, getting pumped 23% in 24 hours is considered a big failure. Such useless coins/tokens have to be pumped a lot more than that, basically anything above being doubled in price (100% pump).

Like the ones below which start from a nearly 5000% pump and the rest of the top 30 shitcoins pumped are all above 100% pumped in the past 24 hours. The volume of most of them is decent enough to make good profit if you get lucky enough in catching them without turning into a bag-holder.

https://coinmarketcap.com/gainers-losers/

This is how Bitget shillers always do. Exaggerating all about their exchange and use the alrcoin discussion to shill their exchange by using different shitcoins topic that will always lead to Bitget in the end.

There’s a lot of new users especially in Altcoin board that is from the Bitget shiller circle. They are just not being punished for shilling because this board is already flooded by tons of worthless token.

pooya87

legendary

Activity: 3472

Merit: 10611

For shitcoins, like the one you shared here, getting pumped 23% in 24 hours is considered a big failure. Such useless coins/tokens have to be pumped a lot more than that, basically anything above being doubled in price (100% pump).

Like the ones below which start from a nearly 5000% pump and the rest of the top 30 shitcoins pumped are all above 100% pumped in the past 24 hours. The volume of most of them is decent enough to make good profit if you get lucky enough in catching them without turning into a bag-holder.

https://coinmarketcap.com/gainers-losers/

Suman1

newbie

Activity: 47

Merit: 0

BGB was at its peak around $7, and BWB migration led to another expansion. Now BWB holders will be a part of the BGB ecosystem and get all the benefits, this was one of the reasons for this pump.

Phoenixtrader

member

Activity: 238

Merit: 11

Hey everyone, Merry Christmas and a prosperous New Year in advance. We're experiencing a bit of a pre-Christmas dip in the market due to low volatility and the holiday season, but some tokens are actually performing quite well.

SUI, for example, has a strong ecosystem and impressive price action. I'm particularly impressed with its recovery rate after every dip, and my plan is to DCA into the token slowly until January before holding.

$BGB's price action has been incredible as well, recently hitting an ATH of $6.9. It's now the second-largest exchange token by market cap ($9.2B), just behind $BNB. With news of $BWB merging with $BGB and plans to expand the token's utilities through more on-chain applications, where do you see its price action heading in the next few months?

Some other tokens I'm optimistic about in this cycle are XION, FUEL, APT, and ETH. What about you? Do you think next year would be bullish in terms of alts taking into account BTC.D Bearish formation also.

Topic: Top performing alts during this dip as $BGB Hits $6 (Read 123 times)