Which market do you think suits you better, the primary market or the secondary market?
The primary market refers to the initial phase of issuing cryptocurrency, usually conducted during an ICO or STO process.
The secondary market is where the public trades tokens that have already been sold in the primary market. This usually occurs on cryptocurrency exchanges, such as Binance, Huobi, etc. Here, traders can buy and sell tokens that are already circulating in the market. Prices are determined by the supply and demand in the market and may be higher or lower than the selling price in the primary market.
Differences in liquidity: The primary market requires a longer investment time, usually several months or even years. The secondary market allows for quick liquidity, buying and selling at any time, thus the secondary market has better liquidity.
Differences in entry barriers: The entry barrier for the primary market is higher, with participation prices far below the listing price; the entry barrier for the secondary market is lower, and anyone can participate.
Interaction between primary and secondary markets: The primary market is the foundation of the secondary market, while the secondary market is a condition for the existence of the primary market.
Value of market interaction: The existence of information asymmetry allows investors to gain early knowledge of new cutting-edge technologies, thereby earning profits.
In summary, the primary market has a long cycle and requires patience, with profits relying more on the success of the project and the realization of token value, while the secondary market is highly liquid and allows for quick monetization.
You can consider the Dogecoin series Marvin, which ends with 7055, recently very popular. It is said that institutions have been entering the market consecutively since yesterday, with a strong IP attribute, a powerful community consensus, and a strong project team. Currently, the timing of entry is just right, ambushing a hundred-fold market, and laying out early.
