$BNX
Just before 1 month price of this token was at near 0.15, now its almost 1$.
When an event is near, since all the cryptos are speculative assets, interest on the coin will rise. In crypto its all about who trapped in a trade, who paid extreme price believing the price will rise more.
In case of $BNX its a positive event but rebranding a project name is not suppose to raise its price, it did nothing to the real value, project needs to be evolve over time to prove to increase its value.
My advice on this coin is
1. Don’t open any future trades, all the trades will be closed on 17th, if you get trapped in a trade with losses, you don’t have any options
2. In case of spot buys, i would say wait for the dip, very positive point on this rebranding is number of tokens are going to be same. If you buy at good price chances of making gains is high.
