After the tournament ended on March 19, Kite had a rally from 0.18 up to the 0.256 range on March 24, with the reward value for the top 400 at that time being around 128U. Most people locked in their rewards in the 107–110U range.
However, in a familiar story before the reward distribution, Kite dropped sharply from the 0.256/token range down to 0.177/token and has yet to show any signs of a rebound. At the time of writing, the value is around ~89U, equivalent to a 30% decrease.
So the question is, are tournaments like this really worth it?
This is also why, when I dropped from rank 79 to 314, I had no intention of increasing my trading volume. Managing psychology and profits is a difficult problem.
Even so, it seems I still won’t make a profit from this sharp decline. The market truly is full of interesting things.
#crypto #TradingSignals #trading
KITEUSDT
Perp
0.16011
-6.55%
BTCUSDT
Perp
66,710.8
+0.36%
ETHUSDT
Perp
2,011.76
+0.50%