BabyDoge is up 91.20% the past 2 weeks. 402.2% over the past 30 days.
It is down -18.6% today so I thought it was a great time to buy.
I swapped 94+6 Hive for 218 LEO, then sent 217 bLEO over to BSC. I set slippage to 0.5% on PancakeSwap and turned 217 bLEO into 0.107916487559029787 BNB ($59.81)
0.000783285 BNB ($0.43) swap LEO to bLEO
0.000618725 BNB ($0.34) swap bLEO for BNB ($58.74)
0.002206055 BNB ($1.22) swap BNB for BabyDoge
Why do this? It is an experiment. It appears I lost 9.43 with the 12% slippage fee on BabyDoge, expected, plus the other TX fees, so I need to earn $11.42 to break even, and $70.31 to 2x.
Will my BabyDoge grow?
In 60 days, will I be able to swap back for more than 0.107 BNB? Will the value of 14,501,896,226.699494469 BabyDoge be more than ($49.31)? My hope is that both the price and volume will increase, so I can swap gains back for 200+ Hive. Today the Price of Hive is 0.809 USD, what will it be in 60 days? If the price of BabyDoge increases another 402.2% and the the price of Hive stays the same, I might be able to get an extra 245 HIVE. So now I wait and see, was this a good bet? Or will I regret?
Also I want to mention that half the supply has already been burned.
Posted Using LeoFinance Beta
