Is it worth investing in a newly launched coin?
Have you ever thought about investing in newly launched coins?
For example, invest in coin hamster combat ($HMSTR ), Cat (CATS), BabyDoge (BABYDOGE) ??
I have thought like that! and honestly I am also very tempted by the potential Gain obtained from these coins. In the past my calculation was like this: entry for example with 5 million, increase 200%......
YOU CAN GET 10 MILLION!!
What other pleasures would you want to deny, guys!?!?!? But, that was then. Now I will share with you guys who have those considerations with my experience that who knows can help my friends here too.
Oh yes!!
You can also visit my Telegram channel, Billionaire Trader to find out the latest trending coin updates EVERY DAY by clicking the link below: https://t.me/BillionaireTrader99
Okay, let's discuss the main question now: So, is it worth investing in new coins?
Before we go deeper into this, I want to share first how a coin can be listed, especially on Binance:
1. Prepare Your Project: Make sure your coin project is mature with a whitepaper, clear goals, and a solid team.
2. Register on Binance: Visit the Binance website and find information about the listing process. You may need to fill out an application form to apply for your coins.
3. Meet the Criteria: Make sure your coin meets all the criteria set by Binance, including technical aspects, community, adoption, and more.
4. Comply with Regulatory Requirements: Make sure to comply with all relevant regulations in the country or region in which you operate.
The process above is a process that we can generally know. What we can take from the process is that the coin listing process is very complex because it requires verification from various parties in the future and whether or not the coin meets the criteria of the exchange platform.
Back to the initial question, so what is the answer?
The answer is it depends.
It depends here whether you see the coin because of the project or because of the technicalities??
These two approaches will have different impacts. We will discuss first from the perspective of looking at the fundamentals of the project.
When we discuss in terms of the project, then what we need to understand comprehensively is that we look from a long term view. Long term here means: we don't care about the price now and focus on growth in the future.Â
Cross-check yourself first, especially with new coins: are you strong enough to see a significant price drop at the beginning?
Example: Coin Hamster Kombat (HMSTR), are you usually unable to see or withstand floating losses like this?
The answer is within yourself. If you do not have the ability to see such floating, then it is better to combine your entry with technical.
We will now move on to the technical side. As I mentioned above, it is better to wait with technicals so that we can get a safer movement. But back to the question:
What if the technique is like this? The downtrend continues and becomes unattractive. And honestly, HMSTR is an example of a new coin that is not fundamentally or technically interesting. Not interesting because:
1. In terms of the project, this project is more focused on the community for fun only. There is no strong use case like SUI, ETH, SOLANA.
2. Technically, it is very unattractive because it continues to trend down.
The conclusion I want to give is for new coins, it's better to wait and see before investing. I personally prefer to see how the coin is technically first. The fundamentals may be good, but what if it's downtrending?? It's less interesting for me, I prefer when the coin starts to show consolidation first before I enter.
We will take the example of the SUI coin whose ecosystem is currently hype, where many meme coins from SUI are emerging and the development of the ecosystem is currently booming in SUI. If we position ourselves to want to invest in SUI, we get 2x the opportunity in the sideways area with even better gain potential!
An example of a newly released coin that uses this sideways strategy is NEIRO.
The benefit of the new coin is its volatility which can give us a very good opportunity in the market. Plus there is consolidation that allows us to open a position = super high profit opportunity!
I personally would use the âtrickâ: buy on accumulation phase rather than continuously buying even though the chart is in a downtrend.
Hopefully this is useful for you guys!!!
