DEEP will launch on Sunday @ 3 AM PST. I plan to buy right at the launch date because I’m bullish on this project and I think there is a lot of hype around it. Sui has created a series of projects with the goal of building a global web 3 ecosystem for Facebook. I am interested in making investments in the Sui ecosystem, and DEEP will be a major player. DEEP token is used for payment of trading fees and pool creation fees in DeepBook. The more transactions there will be, the more DEEP is likely to rise over time. I view this as a long term play, I plan to buy and hold.

DEEP is very similar to BNB coin for Binance. I remember when BNB launched, the price literally kept climbing up everyday for the whole bull run. I’m hoping for something similar here with DEEP, which is why I want to invest early. This is the chart for BNB over time, the price was pennies at launch and is currently trading at $573 after 7 years. I think DEEP could have massive gains in the long run as long as the Sui network itself continues to thrive.

IMPORTANT WARNING

It is always a gamble to invest in projects as soon as they launch. Some projects will selloff immediately at launch because they are listed with an overvalued valuation. Keep this in mind because there could either be a strong rally from the start or a sharp selloff. If you don’t want to take risks it is better to wait and see how the price performs after launch. This is an example of CETUS at launch date, there was a strong selloff for a few days before the price stabilized and started to rise. That is a very realistic possibility so keep this risk in mind before you go crazy buying at launch.

I will make some decisions over the weekend, but for now I’m thinking of starting to build a position as soon as the project launches. Building a position means if I plan to invest X amount, I wouldn’t put the entire amount in from the start.

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