$BOB
Buy or not buy?
Sell or not sell?
🤔
Get to know the opinions of experts.
#Bob is an example of a high-risk altcoin driven by hype, where brand weight #Binance and market timing are more important than the fundamentals of the project. Despite the positive short-term moment with support from the exchange, the lack of real utility and the concentration of tokens in few hands raise doubts about the sustainability of the token.
Build On BNB (BOB) is attracting positive speculation due to rumors of listing on Binance, but there are still concerns about high volatility and the control of “whales” (large holders).
Of the 100% of the circulating tokens of the asset, more than 60% are concentrated in 10 people. That's a lot of responsibility!
Main indicators of BOB:
1. Speculation about listing on Binance has stimulated purchases from retail investors;
2. Strong signs of overbought (RSI-7 at 95.56) indicate caution;
3. The top 10 holders control 61.8% of the supply, increasing the risk of volatility.
The sentiment surrounding BOB heavily depends on possible support from Binance, but its hyper-inflationary tokenomics and the concentration of tokens in few hands call for caution. Will the triggers related to the listing outweigh the structural risks caused by the supply distribution?
Personal positioning:
I have already had good returns with alphas in the last 7 days, I got to know this new market not long ago. I decided to set aside about 10% of my wealth on Binance for high-risk gains. I reinvest the profit in the same alpha or in another with a better low and thus create a return cycle and mitigate the risk (it is worth noting that I always study before investing). In my view, if you are thinking about investing in this asset, I would say to wait for the possible big drop that is coming, and in the meantime invest in other alphas with the same potential for appreciation.
I have been an investor for 2 years, you can follow my performance on my profile here on Binance.
Research source: Coinmarketcoin
