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Binance made a surprising announcement. Is this an opportunity to 20x - 50x your investment capital?
2024 is a year of very high productivity when continuously listing new projects through Launchpool. However, it seems that the overvaluation, combined with the community's FOMO, causes the price of new tokens to increase sharply during the listing phase but continuously decrease immediately afterward.
Newly listed projects have low initial supply, but high total supply, causing project valuations to become higher. Binance is well aware of the problem and made a surprising announcement: Binance calls for small and medium-sized projects to apply to list tokens to overcome the "low float - high FDV" problem.
With this move, low-cap projects have the opportunity to list on Binance through direct listing, Launchpool, Megadrop,... Therefore, Binance users have the opportunity to invest in tokens with low valuations more, offering stronger growth potential than overvalued tokens.
Tokens that Binance evaluates as suitable have criteria such as: tokens allocated heavily to the community, low FDV (<$500M), have a business model, have a sustainable community,... From a personal point of view Personally, this is a very appropriate action by Binance and brings more opportunities to investors.