- Optimal selling time for Binance Launchpool projects is around 9 days and 11 hours after the market opens.
- Analysis based on BNB pairs reveals a potential 8.7% average return at strategic selling window.
- Investors cautioned to conduct thorough research, considering various factors before making investment decisions.
Recently, on-chain analyst killthewolf.eth took to X platform to share insightful findings regarding the best moment to sell Binance Launchpool cryptocurrency projects. The study, which scrutinized the trading trends of Binance Coin (BNB) pairs for the last 10 Launchpool projects within a 14-day timeframe, has shed light on a strategic selling window.
killthewolf.eth’s meticulous examination is aimed at finding out the most favorable selling point for coins issued through Binance Launchpool. By focusing on BNB pairs rather than USDT pairs, the analysis sought to eliminate potential external market factors and offer a clearer perspective on project performance.
Source: killthewolf.eth
The output of this comprehensive study reveals that the optimal selling time for Binance Launchpool projects tends to occur approximately 9 days and 11 hours after the market opens. At this point, investors stand to potentially realize an average return of 8.7%, as indicated by the calculated “average return trend” represented by a prominent black line on the analytical chart.
It is crucial to understand that although the findings offer useful insights into past trends, they cannot guarantee the future performance of any project. Each Launchpool project is distinct and susceptible to numerous variables that can impact its direction in the market.
In its most recent addition to the pool, Binance added the 50th project to its Launchpool – Ethena (ENA), which is a protocol for synthetic dollars. As per the official announcement made by the platform, users can start farming ENA tokens from March 30, 2024, by staking their BNB and FDUSD tokens.
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