As $RONIN IN is launched on Binance Here is what you should do when a new token launches on exchange
1- Find out if there was an ICO (initial sale) for the coin. If there was any what was the sale price.
2- What will be the total supply of the coin and how much is circulating at the time of launch.
3- What sector of the technology they're focusing on? is it Ai, ecosystem, layer 1 or 2 or any other crypto narrative.
4 - Once you get all the info wait and see at what price the coin is launched. Compare the gap between the ICO price and the launch price.
5- What's the marketcap of the coin at the time of launch. If it's too high it's not worth buying right at the launch. it's most likely
6- Make sure the price is not too high from the ico price and marketcap is less than $500 million.
7. Find out if it's purely a new coin or already trading on other exchanges.
Once you find out all of these details. Now ask yourself should i chase this coin right after it launched or not?
My personal suggestion to you: Don't even buy a coin right after it launched
- Watch the price action for a few hours
- Let the coin build a bass price. Make your decisions.
Keep learning, Stay safe
