The markets don't have to make sense right away, but eventually they do. There's alot of corruption involved first. The old mantra of the market can stay irratiional longer than you can stay solvent is true only if you make a big bet. Make small bets that you believe in.
For instance, shorting LUNA's stable coin once it slightly deppegged was a smart financial decision. Since it could only 'rePeg' back to $1.00, your downside was marginal but the upside was 99.9%. Jump capital (their biggest investor) and a ton of people at the Terra Luna foundation took that trade and made a killing.
Similiarly with twitter when it was at like 50 something and the acquisition was 54.20. Minor downside, high upside if the deal doesn't go through.
Also short - the insiders have probably sold a lot of CEL for real US$ and are now in a position to buy some CEL to prop the price up. But eventually it's probably going down.
The markets don't have to make sense right away, but eventually they do. There's alot of corruption involved first. The old mantra of the market can stay irratiional longer than you can stay solvent is true only if you make a big bet. Make small bets that you believe in.
For instance, shorting LUNA's stable coin once it slightly deppegged was a smart financial decision. Since it could only 'rePeg' back to $1.00, your downside was marginal but the upside was 99.9%. Jump capital (their biggest investor) and a ton of people at the Terra Luna foundation took that trade and made a killing.
Similiarly with twitter when it was at like 50 something and the acquisition was 54.20. Minor downside, high upside if the deal doesn't go through.
DYOR and whatnot.