vana There is a common misconception that I want to clear up today.

$VANA

VANA

20.446

+1944.6%

When a new coin is launched, the price often shows a large percentage increase, such as $VANA which rose 2400%. Sometimes people think that some people bought the coin at $1 and others at $25.70, but that is not the case.

When Binance lists a new coin, they must state three prices before trading starts:

1. Opening price

2. High price of the day

3. Low price of the day

For example, with $VANA, the low might be $1, the high might be $25.70, and the opening price might be around $21.79. The “low” often depends on the coin’s ICO

$VANA #kingdom