Bitcoin Forum

Binance is going to list Space ID token this week. What do you guys think about this token? Can we expect at least 1$ value in this coin? As I can see there will be very big movements because this project is making hype in twitter because of their airdrop phases.

You've nailed the point yourself, the reason why it's getting the hype is because of the airdrop, those who joined the airdrop campaign are the ones making noise on Twitter, I have checked the project out on the BSC network page on Twitter, it's not a bad project but dump will take place for sure.

I think space ID tokens will fly high because of the Binance factor Launchpad is very good in my opinion to follow the launchpad Disclaimer is not an investment advice This is my personal opinion.

As the coin will be newly listed, there will be high volume and price movements. It opens with high price first, then finds equilibrium. Airdrop recipients will naturally want to sell it. Volume remains high until these trades are finished. As for the project, I don't think it will survive in the long run. When the hype ends, this will be one of the forgotten tokens. It's similar to dot-com bubble, with a web3 sauce.

It depends on Binance's level of support in pumping up the price of newly listed tokens on the exchange. But is it true that the token has support from Binance? The transaction doesn't appear to have taken place from their smart contract yet, so that makes absolutely no sense at $1. Is this also part of the promotion?

Another hype token actually, but for sure it will rise because its a good project as well, just don't expect for its listing price to pump that much because for sure many will sell it and take profit. If they are able to survive such selling pressure then it can be good. If you get this from an airdrop its good to take profit as much as possible. Didn't know much about its technology, but if you are planning to invest with Space ID, its better to understand its technology so you can know if they are just hyping this one or Space ID really have a good utility.

You should be preparing for the voyage 2 instead of trying to figure the token out. As long as the $ID tokens has a strong utility on  the space id platform to sustain the price value otherwise otherwise participants with huge amount will dump during the open trade.

This is for every project, there should be a utility so the investors know that they are putting their money on a good project. This should not be just a hype, and Space ID should deliver as promised. I can see this as a good one, Binance supported the listing can already tell you about how good it is, so if you are going to invest just analyze more. The price might start to dump though due to listing pressure, expect this during the first week.

I saw on Binance's Lunchpad news that the Space ID token will be launching on their platform this week. Maybe there is another seven hours of time, after which the trading will probably start. They published the sale price 1ID=0.0250 USD. Maybe the price will rise when trading starts but never stay at this price.
https://i.imgur.com/yYwl3Bm.jpg

Space ID coin airdrops became an attraction after the Arbitrum coin which will soon be released on Binance this week, I don't understand how useful it is and how the ecosystem of coins in Space ID itself is because I am participating in this airdrop to relieve regret because I am not eligible to get Arbitrum airdrops.
Indeed, this coin has a lot of speculation about the price which will likely go up a lot due to the effect of the launchpad on binance.
I hope to be able to sell it at a high price, maybe more than $ 5, if those who follow and get their Airdrop are very many and the coins that are distributed are also many, there is a possibility that a dump will occur because of free sales.

doubt it will reach that valuation if the sale price is 0.025 USD it's definitely far off than that. I'm sure it's not gonna be as big as arbitrum but still worth it anyways if you have free time and you want the reservation of the name for you then feel free to follow it, I heard 2nd airdrop gonna be coming.

Honestly I doubt this coin gonna have as much value as arbitrum considering it was less significant.
regardless though, we can judge the fact that its utilities are less than arbitrum and its sale price could means maybe this airdrop isn't that great.
but we'll see, after all it seems spaceid trying to take momentum of arbitrum massive airdrops.

Usually, new tokens listed on Binance will increase in price, but we need to see how many coins are circulating on the market, $ 1 requires more than $ 1 billion usd for liquidity, we also don't know how much Hardcap sale are ID tokens

Comparing the two projects SpaceID and Arbitrum is not fair here. The problem that I find is that each project is tapping into different areas, and in terms of expectations, I think both will receive a strong response from everyone.
I speculate that ID will be priced around $0.5, but not too sure that it will be pumped strongly right from the listing.

I got 2 domain names from .arb. One listed to 10 ETH. I hope it will sell future  ::)

I'm pretty confident with the ROI from the launchpad on binance, so looking at the TGE of the ID I think the $1 target is quite possible. At the moment, they are receiving positive signals for development, so I am not too surprised with the large community supporting the project. This airdrop of the project is also very much looking forward to, I think everyone will be satisfied with the ID airdrop.

Just keep away. Only social hype. Token price will dumped serious when all the airdrop token holders sell their token. I don't think it will be last long. It's just normal name service  :D

It will gonna be a disaster once the other investors will only buy that token when it is first listed and it has a tendency to not recover from that. if you get your token from airdrop, it's not bad to sell it all once it gets listed at least you don't have any capital from that. the only problem here is the new investors that wanted to buy that token once it gets listed and surely it will be a suicide investment only people that have been doing this kinda stuff for a while will take advantage of this scenario and so it's better for the newbie to not get on the hype because they might be the one who will take the damage if the project will fall.

I'm upset because failed to commit any BNB for this round at Binance. It's always exciting when Binance Launchpad announces a new token, and the hype is definitely acknowledgeable. Space ID token will be available for trading very soon. While I can't guarantee anything, though it's not impossible for the coin to reach a value of $1.

Personally, I wouldn't consider myself overly bullish on the token just yet, but I have to admit that it has shown some promising signs. If you're not comfortable taking too much risk, then going for a short position might be a wise decision.

It has been traded off to start at 0.5 to 0.6 not really that far from $1 but obviously this will sell off since there are too many airdrops from the spaceID nft. But of course we should see more action when the volalitity wears off since its on launch.  That price isnt impossible if bull run has arrived.

But the project seems nice and well systematic. Who knows what it could bring in the future right.

It is not just going to be listed on Binance, from the tweeter page of spaceID, they will be listed on Bitmat, Bitget, and actually started trading on Kucoin, pumped to $1 and now trading @ $0.47. There is really a lot of hype around this project and I believe for now, there will definitely be a pump when trading starts on other CEX like Binance and later a dump after but we understand the market is still in the bear season and when the bull season returns fully, it could go above $1

Most coins that are published on Binance and are advertised by them usually skyrocket; I remember the exact same thing happening with the Alice coin a year or two ago. You could possibly claim that it's some kind of manipulation from Binance's side.

I haven't even bothered to check the Space ID project; I saw some announcements, but I didn't have the time to go through them. Its price was supposed to start at $0.025 per coin; was there a way to actually reserve that price? Because it's already at almost $0.50, while by looking at the graph, you can barely see the starting price. 

I would rather invest in Arbitrum than space ID, if you can do your own research on these two projects you will see why Arbitrum is better for the long term hold, I am not saying that Space ID is going to perform poorly, but utility that Space ID has is very common today, the hype will die down very quickly but the utility of Arbitrum is top notch.

Yes, you could buy a ID coin at this price if you took part in the launchpad, which was held on the Binance exchange. But not everything is as simple as it may seem, in order to get a good profit, it was necessary to have about 100 BNB on your wallet. And in that case, your profit would be $1000.

Are you sure about that? I just read the email I received earlier today, and it only mentions that the maximum BNB you could commit was based on the past five-day average BNB balance, and in order to commit, it'll have to be in your spot wallet. There's no mention that you have to have a specific amount of BNB in order to participate. If so, you're practically making money out of thin air since Space ID skyrocketed minutes after trading started.

The minimum amount to participate in the launchpad was only 0.1 BNB. But you should understand that the number of ID coins that you could redeem at a price of 0.025 dollars is minuscule. But I wrote about how much it was necessary to have BNB coins in the wallet to get a profit equal to $1000.

after the open deposit there is a possibility that there will be a drop in the price of the large selling effect that will occur in the market, indeed Binance's support is very large and can attract large investors because Binance is believed to be a project on Binance Launchpad, not a cheap project. profits already have their respective portions that can be obtained

The project looks overhyped but could do very well because of the Binance exchange listing, I have no interest in SPACE ID right now unless a big buying opportunity happens, right now all attention is pointing to the Arbitrum listing, same as me too, I believe Arbitrum is a better buy than SPACE ID but the choice is yours.

If you want to buy ARB and ID coins, then in any case you need to wait until everyone who wants to sell their coins realizes their desire. And only when the value of the coins becomes significantly lower, you can start buying, adhering to the DCA strategy.

Good project, but do not rush to buy the token because too many people will decide to sell and the price will dump, that will be the right time to buy because projects like this don't stay in the dip for long, space id have few good partnerships and it's community is high in number, not like arb but good enough.

Airdrop tokens has this weird pattern after launch. Most of them has a massive pump upon launch since most of the anticipated airdrop project has a lot of hype and many wants to have it and want to be part of it but as time goes off, People who receives the airdrop gradually sell their tokens resulting in a downtrend chart and suddenly it will have an exploded pump or recovery will happen. I believe that this happen on past hype airdrop projects such as BLUR, OP and APT. This can happen to ID or  ARB too as they are both a airdrop token and many wants to be on it.

good project it seems, but I'd say if there's other coin that did airdrop at the same time and is better then I would be hesitant investing in space ID token, take a look at other coin that might have better utilities like arbitrum, it's gonna be out very soon and certainly would hinder many from investing in other coin instead since it's just better. but thats just my 2 cents.

Space ID is a new token based on the Binance Smart Chain blockchain that is used as a means of payment for access to resources related to space exploration. It can also be used as an incentive for the development of space infrastructure. However, as with any cryptocurrency, investing in Space ID comes with its own risks, including high price volatility and potential scams. Therefore, if you decide to invest in Space ID or any other cryptocurrency, I recommend doing your own research and assessing your investment opportunities and risks.

First of all, there is no doubt that this is a really promising project with the domain array that I believe will be of great interest in the near future. And more importantly it's a big project backed by leading blockchain platforms, I think their launchpad binance shows that this will be a market leader in the coming time. Because as we are seeing right now, most projects can link to the domain, and also congratulations to those who received the airdrop from spaceID.

Oh, I understand now. Makes sense so it wouldn't get abused too much; however, with the current price, there was still a decent amount of money to be made, as with $1,000 you could practically buy up to 40,000 coins, while currently it's trending at $0.50, which is easy money if you ask me. It was almost inevitable for the price not to skyrocket after all this promotion from Binance. It sucks, because if I had noticed earlier, I would have bought some to earn some pocket money and use that to purchase Bitcoin or BNB.

I am very positive about this project, this seems like one of Binance's favorite projects, and CZ will make it succeed. How many of the projects on the Binance Launchpad have failed to deliver, though this is subjective in terms of price performance they have delivered for investors, for this reason I am positive about this project

Not really possible as the spike may happen due to hype, we know that Binance is a known exchange and people are thinking that once a project is listed on this platform, it can be trusted. But it was not just like that, the team also must have to continue putting in work and developing their project just to keep the momentum. Because it was not just about where it was listed but also matters on how the project looked like.
But yes, we should still be cautious about buying new projects as we can't simply ignore any possibility of an abrupt dump.

me too. It's just domain username project which is nothing special for me. The binance support was just making so many people FOMO it. The latest news about the company wanna try to do the second airdrop was just making so many eyes and trying to catch it as soon as possible. It seems like that space id was an over hyped project for me without interesting usability.

Looking at the chart on Binance exchange, it got an all time high of $2.5 and I think it can reach that high again during the bull market. Currently it's trading around $0.45 cent and has very active volumes which if this comes during the bull market, $1 is  very achievable.

Space ID token seems to be a name service project and if we look at the success of Ethereum name service project ENS, and predict Space ID moving in the same direction then we can expect a minimum of 10x on this project in the bull market.

The hype around the project is very huge and it's already listed on Binance exchange which means there will be billions coming into the project when the market is filled with fomo in the bull market. This is a project worth keeping an eye on.

the price of Space ID on Binance Launchpad is $0.025 and with current market conditions, I think Space ID price might reach $2-$3, because the total supply from Space ID is also not too much (only 2,000,000,000) and the token offered on Binance Launchpad are only 100,000,000, so I think the price of Space ID is very easy to reach $2-$3 (if the crypto market conditions are still stable and good).

Before speculating such price, have you checked about the status of their actual progress of their developments?
Binance accepted this project in their launchpad, it means, they are seeing something positive and promising.
But it doesn't mean that it will just grow miraculously without the help of its developers themselves.
The project will be a hit in the market and can sustain it because of the people behind it.
Thus, make sure to check the actual happenings within the project. What are their future plans and all.

space id quite good token but it's only token for namespace, that I don't think its good value gonna long last, it's not some l1 or even l2 that have their own blockchain but it seems many are favouring this coin for its airdrop phase in which they are giving quite bountiful airdrops which is good and their marketing seem to have succeeded, but i'd definitely never invest in this coin, regardless if the value still going up, good for everyone that holds this coin.