I’m talking about a new coin that’s listing on Binance. Its performance depends on supply and demand. The coin, ME, seems promising, but it’s better to buy during dips. Keep in mind that 90% of investors in such coins are speculating, so there will be significant ups and downs until the target investment amount is reached.
If the investment target, let’s say $300 to $800 million, is achieved and people stop investing, the coin may start declining. This could be a tactic to trap funds, leading to potential losses for investors. Those who sell during dips or hold for too long may face losses.
My advice: Be cautious when investing in new coins like this. Understand the market dynamics and follow live trades carefully. Avoid risking your money without proper research.