Top speculative picks on Pancake Swap

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Avatar for MrDolphin
3 years ago

If gas fees on Uniswap started to hurt you, you probably have already migrated to Pancake Swap. The increasing popularity of Binance Smart Chain is backed by low transaction fees together with new coins with insane gains potential.

Firstly, I must warn you: in this article, I will only focus on tokens that are highly speculative and imply high risks. As usual, DYOR and don't spend more than you can afford to lose.

The following picks have poor fundamentals but somehow decent tokenomics and have a massive upside potential given their circulating supply and market cap.

  1. GADOSHI

    This coin was recently added to Coingeko and CoinMarketCap and it had some bullish momentum in the past days. It is hard to find any useful information on this project. On the official site, you can only find a statement on this coin that it aims to be the next 100x thing.

    Gadoshi has a 2% fee on all transactions, 1% will be burned the other 1% will be shared among all holders.

    I personally bought this coin before it was listed and I made a nice 6X on it. From that time the price had dropped significantly align with the bearish moves on the past days on the market.

  2. Yield Panda (YPANDA)

This coin is also listed on both CoinMarketCap and CoinGeko.

Be really careful on this one because you need to set the slippage to 11% when you buy it on your PancakeSwap. It is a really BOMB kind of token. It had a 10X after it was listed and meanwhile, it dropped significantly and now is a really cheap coin.

They recently announced a partnership with Gorilla Yield to create a liquidity pool on Panacake.

  1. Extended Finance (EXF)

This is also a coin available on CoinMarketCap and CoinGeko.

Extend Finance works by applying 5% fee which is 4% to each transaction & instantly splitting that fee among all holders of the token & 1% is automatically burned that continuously reduces the total supply of Extend Finance (EXF).

Conclusion:

Trading this kind of BOMB tokens is just for fun. They have poor tokenomics and no utility. However, if you are bored until the market recovers and are willing to take the risks, you can take a look and decide if these kinds of trades are good for you.

Good luck!

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Avatar for MrDolphin
3 years ago

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