Binance 64th issue launchpool new coin RED is launched, RED coin listing price forecast

RED-redstone oracle project Launchpool in-depth analysis: Opportunities and risks coexist

RED-redstone, a multi-chain oracle project that supports EVM and non-EVM chains, will start spot trading at 18:00 on February 28, 2025 (East Eighth District time). Its Launchpool event was launched on February 26 at 8:00 for two days, and participants can use BNB, FDUSD and USDC to obtain RED tokens. The total Launchpool volume is 40,000,000 RED (4% of total supply) and the initial circulation is 280,000,000 RED (28% of total supply). In the context of the current bear market, what are the market performance and investment opportunities of RED? Let's analyze in depth.

Project fundamentals:

The total amount of RED tokens is 1,000,000,000, and the initial circulation accounted for 30%. As an ERC-20 token, it is issued on the Ethereum main network, and plans to cross-chain through Wormhole to Solana, Base and other networks. Nearly half of the RED tokens (48.3%) will be used for RedStone ecosystem and community building.

Binance data:

• Total/maximum supply: 1,000,000,000 RED
• Total Launchpool: 40,000,000 RED (4%)
• Initial circulation: 280,000,000 RED (28%)

RED Coin Listing Price Forecast and Investment Strategy:

In view of the current market sluggishness, the liquidity may be insufficient in the early stages of RED launch.

• Optimistic forecast: The circulation volume surges to 300 million, and the price may reach more than US$1. But this scenario is less likely.
• Conservative forecast: The reasonable circulating market value is around 150 million, and the price is in the range of US$0.5-0.6.
• Potential bottom-buying opportunity: If the price falls below $50 million, you can consider intervening.

Launchpool profit analysis:

According to previous Launchpool experience, the yield rate is usually between 1% and 2%. Taking 18 million BNB (calculated at $600) as an example, 1% yield is about $3.3 and 2% yield is about $6. However, the fully diluted market value (FDV) based on this calculation is between $3 billion and $6 billion, and RED has a risk of overestimation compared to LINK ($15 billion) and Python ($2 billion). Therefore, it is recommended that users who participate in Launchpool cash out in time after mining.

Secondary market risk:

Under the current market environment, RED faces a large selling pressure, and it is not recommended to buy directly in the secondary market. The oracle track is still the first choice for LINK.

Ultra-short-term trading strategy:

For users who pursue ultra-short-term returns, they can try to play in the early stage of online launch (first 15 minutes), but they need to control their positions and quickly take profit. It is recommended to pay attention to the rebound volume from the evening of February 28 to the early morning of the 29th, and look for opportunities for rebound in the early morning.

In short, the RED-redstone project has certain opportunities, but it also faces higher risks. Investors should carefully evaluate their own risk tolerance and make investment decisions based on actual market conditions. Never follow the trend blindly and invest rationally.

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