The RED launched online is a desperate attempt to reverse the trend (against the odds to attract capital) to restore market sentiment or a falling trend with no desire to trade at all?
Total/maximum supply of RED tokens: 1,000,000,000 RED
Total Launchpool: 40,000,000 RED (4% of the maximum token supply)
Initial circulation: 280,000,000 RED (28.00% of the total token supply)
Price prediction:
The market is currently on the brink of collapse, and this moment is not the best time for the launchpool, so if it goes online, the market cap will not be too high!
An estimated circulation reaching 300 million is already quite high, corresponding to a price of 1+, and I would not hesitate to sell the mined tokens!
A reasonable market cap should be around 150 million, corresponding to a price range of 0.5-0.6! I won’t consider entering, only the issue of exiting!
If it drops below 50 million, corresponding to a price below 0.2, I could blindly enter with a 20% position, further purchases to be determined!
For new coins, in ultra-short terms, there is generally a spike in demand in the first 15 minutes, but don't be greedy. For example, when it goes online, we can only gamble on a few points and then run, absolutely no room for complacency!
The retracement situation tonight and in the early morning can be gambled based on the specific trend for a rebound demand in the early morning! This estimate has an expectation of over 20%!