PREDICT has already been cut in half in premarket trading.
It peaked at 1.99 on October 28, and is now at 0.96—down more than 51%.
This is when you see whether hedging was worth it: I got spot tokens through a launch subscription with one account, and opened an equal-sized short position in futures at 1.0899. However much the price drops, the short earns the same amount—the profit was locked in early.
Without a hedge, you’ve given back more than half your paper profits on this one. If you chased it near the top, you’re taking a brutal loss.
The TGE is at 17:00 on November 18 (Beijing time). That’s when the actual tokens will be released. My personal view: it could keep falling.
This is not investment advice.
#predict #tge #套保 #币安Alpha $PREDICT
It peaked at 1.99 on October 28, and is now at 0.96—down more than 51%.
This is when you see whether hedging was worth it: I got spot tokens through a launch subscription with one account, and opened an equal-sized short position in futures at 1.0899. However much the price drops, the short earns the same amount—the profit was locked in early.
Without a hedge, you’ve given back more than half your paper profits on this one. If you chased it near the top, you’re taking a brutal loss.
The TGE is at 17:00 on November 18 (Beijing time). That’s when the actual tokens will be released. My personal view: it could keep falling.
This is not investment advice.
#predict #tge #套保 #币安Alpha $PREDICT
