Hi fellow investors,
This is my first post on Binance, and I want to offer a complete view about BOME and FRONT. They are both coins with a huge circulating supply, experienced a significant initial pump, and are currently overhyped. I myself lost 120 USDT with short positions that increased by 4-5 percent and got liquidated. I recommend a short position but advise against using a leverage higher than 10x. The whole market is experiencing a constant downfall due to the rapid bullish hype. I expect a bullish market for the next 7-8 months and a rapid market correction within a week. Meme coins and coins with a large circulating supply (>1 billion) will be most affected. Short positions with a semi-low margin will result in good profits, but expect constant fluctuations. I recommend using only 20% of your total capital in short positions and keeping the rest for long positions during the next price increase. With the 80% of the money that I recommend not using for now, you can try the earn option for USDT, which offers a 15-25% ROI. Alternatively, invest in FDUSDT/BNB (I recommend BNB) to get Launchpool rewards.
Have a nice day, and be safe with your money. #BOME #MarketDownturn #FRONTUSDT