Bella Protocol's volume event, which was selected as Binance's first launch pool project, is ongoing. In fact, Binance regularly conducts trading volume events for newly listed projects or Binance Launchpad projects. is.
- Binance Announcement: BEL Trading Competition-$50,000 in BEL to Be Won!
(1) Event period: December 2nd, 2020 09:00 ~ December 8th 08:59
(2) Event type
[Promotion A]: For new subscribers
- Target: Users newly signed up for Binance during the event
- Participation Method: Trading over 2,000 BEL (including buy/sell)
- Prize Pool: $10,000 shared depending on volume
[Promotion B]: For all users
- Participation Method: Transaction of 25,000 BEL or more (including buy/sell)
- Prize pool: 40,000 dollars shared depending on the volume
Binance often conducts trading volume events for projects whose trading volume has decreased and prices have dropped considerably, and often opens quarantine margins for projects that have recently increased in price. And both show a tendency to rise to some extent in the beginning, so it's quite okay to keep an eye on these timings before trading. (Of course, there is a need to assume that Bitcoin stays quiet without significant volatility)
I remember the case of Elrond as a representative example that showed a tremendous increase because the trading volume event and the so-called Adari (timing) matched well.
Even if you are not directly participating in the trading volume event, it is okay to take a snapshot of the chart and observe the chart movement during the beginning of the event rather than joining the event immediately after the announcement of the start of the trading volume event. In particular, before the start of the trading volume event, it is worth paying attention to the guys who moved sideways due to a large drop in trading volume.