Key Steps Before Buying a New Coin on Binance 🚀
Jumping into a newly launched coin can be risky. Here’s a quick guide to help you make smart decisions:
1️⃣ Check Pre-launch Sale:
Was there an ICO or presale? Compare its price to the listing price. Early investors may sell quickly to lock in profits. 💰
2️⃣ Understand Supply:
Look at the token’s total and circulating supply. High supply relative to demand can lower prices. 📊
3️⃣ Know the Niche:
Is the coin tied to trending sectors like AI 🤖, gaming 🎮, or DeFi 💰? Trends can boost initial prices but may fade later.
4️⃣ Analyze Market Cap:
If the market cap is above $300M, growth may be limited, and selling pressure could be high. 💹
5️⃣ Watch Airdrops:
Free token distributions 🎁 can lead to sell-offs when trading starts.
Pro Tip:
Don’t buy right after launch. Wait for the price to stabilize 📉 and a clear trend to emerge. Avoid FOMO and make informed decisions.
Happy trading! ✨