Let's Do Deep Thinking About $RED
đšThis is Just Manipulation Nothing Else
(Not Included basic information about redstone which you can check on their official platform)
I am not crypto advisor buy or sell on your risk.
Take Your Own Decision on Your risk. In this Article I am not saying to buy or sell your coin.
Their Is Too much hype about coin redstone but in my opinion is it fair.
Details:- đ«„
When binance started pre market of $RED coin it's just at 0.4 per red. But that time no one seller in market of redstone coin. Then it's increased 0.6 later 0.8. and now it's open for pre market trading.
But Wait have you read carefully there is written in pre market only 40M circulating supply and after listing it will be 280M. That's mean After listing Circulating supply will increase but will increase buyer to buy Redstone?
If No Increase Buyer:-đ( will increase buyer suddenly)
Binance Announced after listing 280M will be circulating supply but what happened if not came new buyer, let's calculate :
Let's assume Right Now Price is 1$ (if Listing price will Greater than 1$ Then Result will be changed)
For 40M circulating supply:- 1 $RED is For 1$
After 280M Circulating Supply which is 7x Greater than 40M :-
40MĂ·280MĂ 1$= 0.14
That's Means if suddenly increase 7x supply then Suddenly Price decrease 7x Down.
Conclusion:-â
1$ Is Not fair price right now to buy $RED. Because it's definitely decrease after listing.
So in my Opinion if you want to buy $RED Then add your limits order to buy this coin at price 0.2 or 0.4 and last 0.5 â
Which is Perfect.
And Average Price Will be in This month March I think 0.5 to 1.5 USDT, but I am 100% sure it hit 0.4 at once.
Note:-đ«
This is Just My Opinion it could be True or May be False. But You can Search on Google or YouTube or anywhere for what exactly Happens if supply of crypto coin Suddenly increase.
