I'm thrilled to see BNB soaring nearly 10% today, following the exciting announcement of adding AI-powered gaming platform Sleepless AI to BINANCE Launchpool.
This move is a game-changer for BNB holders, as Sleepless AI is poised to be a blockbuster, combining two of the hottest trends in the cryptoverse—AI and gaming.
However, while this is undoubtedly a positive development, I urge caution. Binance has added two new projects to its Launchpool in a couple of weeks, whereas they had not done anything for months. They may try to avoid the decline of BNB price that the end of their debit card in Europe may provoke.
To say it simply: The Sleepless AI project could be the proverbial tree that hides the forest, as it might be used as a smokescreen to address the debit card discontinuation in Europe, which could lead to increased BNB sell-off pressure.
So, while BNB's recent gains are commendable, I believe it's crucial to temper expectations. Conduct thorough research, understand the risks involved, and avoid investing beyond your means.
Note: If you think BNB will likely dump in the next few days once the hype is over, you can use Drift Protocol to short sell it. Please note that leverage trading is risky, so invest only the money you can afford to lose. It is not a financial advice, and I am not a financial advisor. Do your own research.
