I made a post on what I believe is a Fair price for BFG which is the Betfury Dividend Token (https://tinyurl.com/2m2ka7r6) BFG started trading for 0.07$ when it was first put up on the biswap.org liquidity pool. It went all the way up to 0.30$ and down again as low as 0.013$. Based on the platform they have built and the revenue they are making combined with the funds that are in the Dividend Pool and the total supply of BFG, I'm quite comfortable getting a stake in it as part of my Gambling Dapp Dividend portfolio at a price of 0.025$-0.030$ or less. All newly mined BGF are being locked for 6 months so once that period starts to expire around 5 months from now, it might be time to potentially take some profit. The dividends right now are great sitting at around a +100% APY (which will come down as more BFG gets staked) which provides a good opportunity to recover the investment along the way. If the prices on the crypto market go up, it means that the dollar value of the dividend pool will also go up while making it more expensive to mine BFG. This should result in also a price increase for the BFG token. For more details: https://hive.blog/hive-167922/@costanza/reasons-i-bought-100k-bfg-or-gambling-dapp-dividend-report #Cryptocurrency
No comments yet