Let me first explain why I sold all my $HAY yesterday when the price was $0.8
1. At that time, no official remedial measures were taken, and the probability of returning to the 1:1 anchor in a short period of time was very small.
2. The later the remedial measures are announced, the more difficult it is to remedy.
3. The profit margin is huge, $1 is like a trap, the closer you are to $1, the greater the risk factor
Now the remedial measures for $HAY have been announced. The current price of $HAY is $0.88. If it returns to $1, there is still a 14% increase. Is it worth buying?
Even if a remedy for $HAY is implemented, I think it is hopeless to return to 1:1 in a short time, unless the project owner is really rich and has a lot of money, but that is a bit unrealistic.
The price of $HAY hit $0.2 at its lowest point, and then rose to $0.8. The chips in this range are all retail investors, which means there are a lot of profit taking orders.
The project party’s chips are between 0.7 and 0.9, because the project party needs to conduct investigations and hold meetings to study how to remedy the situation before taking action.
Returning to the 1:1 anchoring requires not only pulling the price to $1, but also withstanding the selling pressure from bottom buying. This is equivalent to investors taking money out of the project party’s pocket. Will the project party let you take it easily?
So I don’t consider continuing to participate in $hay. It’s not that $HAY cannot return to a 1:1 anchor, because it is quite important for bnbchain.
I think it is more likely to use time to exchange for space, and the money spent slowly will be less.