This bull market is the most magical: Bitcoin soars while altcoins struggle. Bitcoin flies in the sky, altcoins lie on the ground, institutions make a lot of money, while retail investors get hurt all over, leaving people at a loss.
Don’t touch new coins! Don’t always think about getting rich overnight.
Now, Bitcoin is in a bull market, and the goals of institutions, exchanges, and project parties are simple: sell those heavy and poor coins in their hands to retail investors, and then exchange them for Bitcoin and altcoins.
Aren't new coins the same? What they lack is funding; the purpose of launching coins is to attract retail investors to take over, allowing project parties to cash out and exchange for mainstream coins to leave.
Today, little meow will review new coins with everyone! Recently launched new coins on major exchanges, understand them to avoid being stuck! New coins launched: the truth of the big bullish candles, can you really make money?
I heard that new coin prices soared 2450% from $1, do you think those who got in early made a fortune? Don’t rush, the truth is not that simple.
When trading platforms launch new coins, they usually set three key price levels:
1. Lowest Price: Usually refers to the issuance price from ICO or other exchanges, but you can hardly buy it.
2. Opening Price: The price at which actual trading begins, such as approximately $21 for VANA.
3. Highest Price: The peak price of the day, such as $24.78 for VANA.
These prices are not numbers you can buy at any time, but reference data set by the platform based on the issuance price, market value, or even randomly. The so-called 'increase' reflects the returns of ICO or seed round investors but has nothing to do with your actual buying and selling.
Truth Revealed
When you see big bullish candles and astonishing increases, stay calm! By the time the price is tradable for you, it has already skyrocketed. Taking VANA as an example, the increase from $1 to $24.78 seems tempting, but this is just a comparison of early prices with market pricing, and the vast majority of people can only buy after the price has risen.
So, don’t be deceived by surface numbers; understanding the underlying rules is essential to avoid blindly chasing prices!
Let’s compare recent new coins like VANA, CAT, and PENGU!
Take $VANA as an example, although the lowest price is marked at $1, this is based on its issuance or pricing from other exchanges, which ordinary people can hardly buy. After opening, it shot directly to about $21, peaking even at $24.78!
The increase from $1 to $24.78 seems astonishing, but it actually has nothing to do with us. By the time you can buy, the price may have already multiplied several times or even dozens of times.
CAT is basically in the same situation!
Looking at PENGU, this master’s operations can be considered textbook level! With the lesson from VANA, this wave is considered a profit.
This god-level trader staged a textbook operation of 'financial freedom', earning 36,984 SOL (approximately 8.36 million USD) in just under 20 minutes on $PENGU !
$PENGU Just launched, he decisively acted, buying 239.6M PENGU for 23,742 $SOL (5.36 million USD), and then immediately sold for 60,726 $SOL (13.72 million USD)!
This wave of precise buying and selling is truly perfect! The steady and accurate operations make one marvel that this is a real 'god-level trader'!
Summary: A market where you sell right after it goes up! Next time you play with new coins, learn from this master, don’t be too greedy! Once you get greedy, you get stuck!
Today's article ends here. Currently in a bull market, with swirling changes, we share passwords daily.