When a new token launches on Binance, follow these steps:
1. Research if there was an ICO (initial sale) and its price.
2. Check the total supply and circulating supply at launch.
3. Identify the technology sector (AI, ecosystem, gaming, layer 1/2, etc.).
4. Compare the launch price to the ICO price (if applicable).
5. Evaluate the market capitalization at launch (avoid >$500M).
6. Check if it's a new coin or already trading on other exchanges.
7. Find out if there was a free airdrop.
Smart Investing Strategy
1. Don't buy immediately after launch.
2. Observe price action for a few hours.
3. Let the coin establish a base price.
4. Make informed decisions.
Happy Learning!
Stay cautious and informed to make smart investment choices!