Recently, $VANA was launched to the market. There are many opinions within the community, some positive and others negative, but you shouldn’t let this influence your buying or selling decisions too much.
This new launch closed its first hour with an approximate value of $26, a minimum value of $1, and a maximum value of $29, achieving a growth of around 2400%.
Does this mean some people managed to buy at $1?
There is a very common misconception regarding this. Many people believe that the ICO price—also known as the launch platform price—is the initial price when the token hits the market; this is not the case. In this situation, the initial growth percentage only reflects the difference between the ICO and the current market value.
This small confusion can lead many to make poor decisions. Everyone buys at the price established at the start of trading, which had an approximate value of $20.9. With that value, you can calculate the actual growth percentage $VANA experienced and estimate the short-term or long-term profits you could gain.
We must understand how the market works, learn from mistakes, and improve to achieve great returns on our investments.
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