Biconomy has been quickly listed on many exchanges, some were surprised on twitter with how quickly it was listed on coinbase. (Bear in mind some coins have never been listed on exchanges such as XRP/Ripple on coinbase and robinhood) Biconomy has low gas fees and its strength lies in APIs that make it a strong Web 3.0 play, and potentially advances beyond Etherium. This is also at a time when Etherium is gaining in popularity over Bitcoin in what has become known as the "Flippening" In the first two days it was bought up to a high of $20 where it then sold off to find its lows. The downtrend has slowed and there was an attempt to retry an uptrend on 12/9 when on the day it formed an inverted hammer. The market cap on Biconomy is incredibly low at $300 Million compared to the $20 Billion of memecoins like Dogecoin and Shiba Inu. In the sell off from its highs, BICO lost $150 Million in market cap from $450 Million This means that this could potentially be the lowest Biconomy will ever be. Since starting trading BICO has been on a red downtrend from $20 to its new and first found support of $5. The way that the selling has slowed appears to follow an arc pattern, and should it continue it could find new highs within a month.
Nope......pretty similar to ICP when first listed on CB. Way more likely it looses 90% of its value, consolidates for months, then pray it makes a run.
ssgmettler
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@bwfisher83, LOL, you may have a point. I remember the ICP listing in coinbase. I do believe ICP came into the exchange overpriced and is only now seeing its true market value. ICP is not in my portfolio but im looking to add it. I believe losing this much needed to happen to both ICP and Bico. Now its time to grow naturally over the next few months. I just got Bico at $3.99. I am optimistic that we are going to see big moves
austinmcsteel
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@bwfisher83 how does it feel to be super wrong bud
wyttsndrs
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I was wrong about the bottom near $5 obviously, it appears to now have found a bottom
ParabolicP
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😬
LA_Designer
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So many red flags on this token...
1) Launched with an UNVERIFIED 1B market cap 2) Keeps making lower lows. Every support area that I have charted the last couple weeks have been sliced right through. 3) Every small pump leads to a very quick sell off
If you like catching a falling knife, then try gambling on this one.
vincentnguyen74
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Really?? Thank you!!! I’m all in. To da moon baby ;))