USUAL is still rising against the trend. I bought in during pre-market trading on Binance, taking less than 4 times, and sold before the official launch. I didn't expect it to still sell big 😂. Now I can't even place an order to buy it back. At that time, I could buy up to 40,000 USUAL in pre-market trading for about 10,000 USDT, and according to the current price of USUAL, it's worth over 50,000 USDT. It should be the best-performing coin recently in the secondary market.
The logic for buying is very simple. Coins traded in pre-market are all from Launchpool, and it's hard for them to drop significantly in pre-market trading, which offers a high participation odds. USUAL has a circulating market cap of 100 million USD and a total market cap of less than 1 billion USD. Compared to similar projects ENA and ONDO, it's undervalued. Looking back, it was indeed a great opportunity to pick up at a low price, as the price hadn't been inflated yet. It only recently experienced FOMO after market fermentation.
This experience with USUAL highlights the value of Binance's pre-market trading, which has several designs to ensure return rates for participants:
1. All the tokens for pre-market trading are generated through Launchpool, with no airdrops or waiting for investors to unlock tokens. This avoids many VC coins plummeting like Christmas trees after the market opens.
2. The limit for USUAL this time was 40,000, and the purchase price at launch was about 10,000 USDT, which is sufficient for most retail investors, while market makers and large investors cannot inflate the price in pre-market trading.
3. It emphasizes the project's research and investment ability. For those who understand the project, pre-market trading allows them to secure better prices.
For these tokens with pre-market trading mechanisms, the participation risk is lower than that of other tokens in the secondary market because it avoids the risks of manipulation and low-cost airdrops and VC unlocks. Even SCR, which also had gains in pre-market trading.
Therefore, for projects that are not promising, the best choice is to sell before the end of pre-market trading due to concerns about manipulation and low-cost chip unlocks. For promising projects, buying in pre-market trading or exchanging large amounts of chips after the official trading begins has good opportunities. USUAL also had a large fluctuation after opening, reaching around 0.8.
Recently, I plan to ambush a potential coin that is about to explode, doubling is quite simple, and I’m also preparing to find some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem. If you want to follow along, leave a message, follow, like, and join the group.