ENA 24H rose by more than 50%, data review of Binance Launchpool performance in 21 periods
Original - Odaily
Author - Nan Zhi
This evening, the latest project of Binance Launchpool, ENA, hit a new high, reaching a maximum of 0.989 USDT, with an increase of more than 50% in 24 hours, which attracted the attention of the market.
Since the second half of 2023, Binance Launchpool has seen a rapid increase in the number of new coins being launched compared to the past, and the price of BNB has also continued to rise. Compared to the last bull market, what are the new changes in Binance Launchpool? Does the recent Launchpool project contain any rules and can it guide market operations? Odaily will analyze the review data in this article.
Looking back on 2021, the performance of the Launchpool project is uneven.
The number of participants varies: The number of BNB participating in each period varies greatly, indicating that users do not recognize the guaranteed income and have a preference for projects;
The announcement is not directly related to the currency price: Launchpool’s announcement does not directly affect the trend of the token price and has no short-term promotion effect;
Holding profits and losses fluctuate greatly: BNB completed a sharp rise in 2021, which was driven more by BSC and was greatly affected by the market;
The yield is low and predictable: The initial market value during this period is low, so the new yield is not high, but it also leaves room for subsequent secondary increases. In addition, at this stage, the currency is listed first and then mining begins, so the rate of return can be calculated directly.
Long cycle: Most projects mine for 30 days.
BNB becomes a golden shovel
In the past year, Launchpool’s features have undergone earth-shaking changes:
The number of participants is stable: the number of participants in each period is rising, but the overall fluctuation is not large;
BNB’s market pull effect is significant: every new currency mining announcement has an impact on the BNB price.Has a short-term boosting effect, and at the beginningIt usually does not fall before mining, but it cannot be used as a basis for chasing the rise.；
Holding fluctuations have become smaller: The trend of BNB this year has become more stable, and holders have become more stable before and after mining.No significant loss of principal will be encountered；
High yield:It has significantly exceeded the stablecoin returns and can still maintain sufficient returns based on the rise in BNB currency prices.；
Short cycle: The cycle of each Launchpool is very short, so there will be a certain window period.Need to pay attention to operational strategies。
in conclusion
BNB’s golden shovel attributes are becoming more and more obvious, and some of the rules reflected in it may serve as guidelines for different users:
For long-term holders, the impact of short-term fluctuations is very small and does not affect holdings. Mining income can make up for the BNB value loss during the holding period, and overall the average income during the holding period is positive.
For short-term operators, you can consider buying after mining ends, and then selling when the announcement is made. According to statistics, the average return of this strategy is 2.68%, and there is only one negative return.
Odaily reminds that the above is only a review and regular statistics of past data. It does not represent inevitable events in the future and can only be used as a partial reference.
