It is becoming increasingly difficult to make money on the BSC chain now. Aside from those who were able to get into the early rounds and make 20%-40% profits, very few people are making money, and most are losing. Many projects without even a basic narrative can surge to 500K, while those with a bit of substance only reach 1M; those who run fast can still scoop something up. As a liquidity exit in this extreme PVP, I have temporarily chosen not to take over.
Now I am more focused on researching the secondary market, especially those projects that have run off-chain and have the potential to start a second phase—otherwise, losing money feels like burning paper.
This morning, I bought $Goriall at a low point, caught a short wave, and ran; it is almost back to 3M now; $Donkey is still struggling to climb back to 3M.
Yesterday, the $Moodeng that went live on Alpha has doubled, and the increase has been too fierce. I remember the old friend who cut losses at 0.17 can now break even 🥹. Now everyone is no longer concerned about whether the project can go live on spot trading, but rather starting to discuss how much it can rise after going live. Could this phenomenal surge be the one?
