$OM Crazy what has happened today with a Top 50 crypto.
A 90% drop has unleashed madness, causing excessive selling.
This is where doubts arise about what will happen with this coin in the coming days. The developers assure that this drop was not caused by them, could what they say be true?
Many doubts, where there is a possibility of a rebound if they prove that it was not them who caused this significant drop.
Now, what are you going to do 🫵🏽, do you choose to take the risk and bet on a short to medium-term rebound of the coin or do you choose to secure yourself against the possible disappearance of this cryptocurrency?
I have always been one to take risks, always knowing that I could end up at $0.
I already warned with RED it was just a matter of waiting, it's true that it still doesn't exceed the maximum output but if bought now, short-term profits can be obtained.
The same thing I said about $GPS that it was going to drop, now it is stabilized with a bit of upward pressure.
It is very important to stay alert in this market situation, at any moment it drops by 5% - 10% and the profits are gone in the blink of an eye.
Medium-term prediction:
For early April:
$RED ~ $0.79 - $0.84 (Max. approximately $1.48)
$GPS ~ $0.05 - $0.06 (It was trading at an average of $0.13)
What helplessness to see how the token you have been holding from the beginning falls without your ability to do anything.
What just happened with $RED (Redstone) makes no sense.
Despite this, I will continue to hold it; I will not sell a promising project at a loss. Binance has wrecked the coin; if they had done things right, it wouldn't be falling since 40M coins are locked here.
I think it has a good project and is currently at a price suitable for buying a certain amount; it was already being traded before being listed on Binance, and its average price was around $0.13.
Furthermore, I believe that in the long term, $GPS could reach values higher than its maximum.
At the moment, I am not trading it; I think it might drop a bit more, and if it reaches 0.45-0.5, I will enter.
There is a saying: those who don't take risks don't win.
It is true that $RED made many people distrust the project it backs, causing a huge wave of sales.
But...
$RED will be listed tomorrow just like it will be on other exchanges, this coin could rise quite a % or, on the contrary, plummet.
I am one of those who take risks; I will hold on to this token because I think it will bounce back well tomorrow. And I believe I am not the only one; look at how the price is currently rising as people see an opportunity, tomorrow could be a great day.