Your occasional reminder that a token we have no control over decides 90% of our fate around here.
30 Apr 2023, 18:24
Your occasional reminder that a token we have no control over decides 90% of our fate around here. WBNB dropped 50% in value between it's 12 month high and it's 6 month low on 16 December 2022.
WBNB's last transition from 6 month high to six month low happened between 4 Nov and 16 December... the exact same time we transitioned to a DAO.
During that time the price of WBNB went from $354 USD to $230 USD, and that decline over 6 weeks was second only to the decline that happened 6 months prior.
During that decline, WBNB went from $401 on 4 May 2022 to $197 on 18 Jun 2022... just 6 weeks later. That 1 year low was basically right when we were doing our NFT launch.
Had people who considered themselves "investors" done their research and stayed through that cycle instead of panicking, our MC would be a lot higher right now.
But it is what it is.
Same news in other sources
130 Apr 2023, 18:35
ALSO when LNR launched on 16 November 2021, WBNB was very close to it's ATH at $589 USD.
So the whole time the old Lunar was in operation, WBNB lost 66% of its value, going from $589 USD to $196 USD.
Since the DAO was formed, WBNB has been on a slight upward trend, which we have not been able to take advantage of because of the paper hands.
So when we say "do your own research", this is the kind of stuff we're talking about.
ALSO when LNR launched on 16 November 2021, WBNB was very close to it's ATH at $589 USD.
ALSO when LNR launched on 16 November 2021, WBNB was very close to it's ATH at $589 USD.
So the whole time the old Lunar was in operation, WBNB lost 66% of its value, going from $589 USD to $196 USD.
Since the DAO was formed, WBNB has been on a slight upward trend, which we have not been able to take advantage of because of the paper hands.
So when we say "do your own research", this is the kind of stuff we're talking about.