$BIO Let me tell my brothers about this coin. This coin is the token for the biotech research platform supported by Binance, with a total supply of 3.32 billion pieces, used for governance voting and funding research projects.
Reasons for today's decline:
Overall market adjustment: The market today is dragged down by the decline of Bitcoin, with increased risk aversion, and new coins with poor liquidity are more easily sold off. Early profit takers: When BIO was listed on Binance at the beginning of the year, public investors made more than 50 times their investment, and some chose to cash out at high prices, leading to increased selling pressure.
DeSci sector's heat cooling down: Other similar projects did not keep up with BIO's rise but instead fell, leading funds to shift to other sectors, making BIO a 'lone soldier'.
So some brothers will definitely ask if it's worth buying now?
Good question, it depends on the situation.
Situations where it's worth buying: If you are optimistic about the DeSci sector, such as biotech + blockchain, can withstand short-term fluctuations, and the BIO price has corrected to a low point.
Situations where it’s not worth it: If you want to make quick money in the short term, or cannot accept fluctuations of over 30%, and the project’s progress is still unclear (such as actual applications not being deployed).
To summarize: BIO is like a high-risk tech stock, suitable for those who can 'hold on'. Observe market sentiment and team actions before deciding whether to buy!
Of course, Brother Yong has better recommendations worth buying for long-term holding. I will inform fans privately about which coins specifically. Brothers with ideas can follow along!
Pay attention today: OM SUI SOL FUN BTC
