Luck wasn't on my side this time 😭
#CHIPUSDT $CHIP The tuition fee for learning in the crypto world can sting, even if it's just a few cents. The launch of CHIP on Binance on April 21 left me with a bittersweet taste; my prediction fell flat and the market moved against me right after the debut.
So... what happened with CHIP?
Even though I bet on an immediate pump, the market played the classic buy the rumor, sell the news...
CHIP isn't just any coin; it's the engine of a protocol that allows using GPUs as collateral for AI loans. However, being listed with the Seed Tag, volatility was off the charts. The sell pressure from those who jumped in during the presale outpaced my initial optimism, causing that correction that took me out of the game.
Binance has launched a trading event with 40,000,000 CHIP in prizes until mid-May. My projection is that, while the event lasts, the price will trend sideways looking for solid support around $0.025 and will rise to $0.20. If the narrative around AI infrastructure gains traction, I'm expecting a bounce once the reward dilution ends.
I've lost a few cents, but the lesson about timing on new listings is priceless.
Do you think I should try to average down my entry by taking advantage of the trading event, or is it better to wait out the storm?
For now, I won't make any recommendations; make your positions based on your instincts or seek expert opinions. In the meantime, enjoy and participate in the event if you can, there are few spots left 🤑🫰
#BinanceEvent #ChipEvent