Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
Today we will talk about, how a Binance listing can change everything for a token. I am going to take the example of MEMEFI token which was one of the projects that got famous when tap to earn games were all over the internet. It was listed last year in the month of November but at that time there was no listing at Binance.
The highest it reached was two days after the listing took place and that was 0.014 USDT for one MEMEFI token. Since then the token saw a lower low pattern and it was very much expected as the majority of the supply was distributed among the players as a airdrop.
On 25th April it got listed on Binance and prior to the listing we started to see the positive move in the price of MEMEFI token. I have drawn a possible support line for this token which you can see in the screenshot below. I think if that is broken we will see a very positive price movement for this token.
The people who have internal sources and know about any token getting listed are benefited often. Anyone who bought MEMEFI on 22nd APril made 8-10X of money easily in less than 3 days of time.
Have a look below at the sell off wig.
Now the reason I am bullish for this token are:-
Binance has listed this token and it is still resting at less than 50 million dollars of market cap.
The selling pressure for MEMEFI token is already over as the airdrop was distributed back in November, 2024.
Total supply of this token is already in the market.
So even if this token can reach 200 million dollars market cap in near future, A 5X from here is something I think is achievable. I am holding my tokens for now and I will start selling them if market cap crosses 100 million.
By the way I am not a financial advisor so make sure to take your decisions only after doing your own research.
Thank You