$BTC
🚀 What to Do When a New Coin Launches on Binance! 🚀
New token launches can be exciting, but if you’re not careful, you might end up being the one funding someone else's moon mission. Here’s a smart strategy to navigate it like a pro (and not like the guy buying the top):
1️⃣ Check the ICO Price:
Was there an ICO (Initial Coin Offering) or presale? If yes, find out the sale price. It’s your first clue to see if the launch price is inflated or fair.
2️⃣ Total Supply & Circulating Supply:
How much of the coin is circulating at launch vs. total supply? Low circulating supply + big total supply = possible future dump risk.
3️⃣ Identify the Sector:
Is it riding the wave of the latest trend? AI, Gaming, Layer 1/2, or some new buzzword? The trend can give you an edge, but don’t fall for shiny names alone.
4️⃣ Launch Price vs. ICO Price:
Here’s the reality check — if the launch price is 10x or more than the ICO price, guess who’s cashing out? (Hint: It’s not you.)
5️⃣ Market Cap at Launch:
If the launch market cap is pushing $500M+, take a step back. It’s likely already overpriced, and early investors might be lining up to exit.
6️⃣ Free Airdrop Alert:
If people got free airdrops, they’re probably looking for the sell button the moment it goes live. Watch for that sell pressure!
7️⃣ Is It Really "New"?
Sometimes, “new coin” isn’t so new — it’s just new to Binance. If it’s been trading on other exchanges, check its price history.
📢 My Personal Advice (Read This Twice!)
Don’t FOMO into the launch. Seriously, don’t.
Wait. Watch the price action.
Let it Build a Base. No base? No chase.
Make a Smart Move. Not an emotional one.
🚫 Chasing rockets at launch is how astronauts get stranded.
💡 Pro Tip: Be the hunter, not the prey. If you’ve found this post useful, feel free to sprinkle some love (you know what I mean 😉). After all, good karma always comes back around.
Happy #PENGUOpening