Let’s debunk some myths about new coin listings and those eye-popping percentage gains you see when a coin is launched on Binance. Here’s the real story behind the numbers:
🔢 The “Three Prices” Binance Sets Before Trading Starts
When Binance lists a new coin, three key prices are set before trading begins:
1. Opening Price: This is where trading officially starts.
2. Low of the Day: Often linked to the ICO/launchpad price, but not the actual trading price.
3. High of the Day: This can be random or based on other exchanges’ prices.
Note: These prices are set before trading starts—they’re not what you’ll actually be buying or selling at when the market opens.
📈 The Misleading Percentages
When you see percentages like “up 2400%,” here’s how it works:
• The gain is calculated from the low price (typically the ICO/seed price) to the current trading price.
• This reflects the profit early investors made during the ICO or seed round.
Example:
• If the low price is $1 and the opening price is $21.79, the 2400% gain is based on the $1 seed price, not the price regular traders paid.
❌ The Myth: “Someone Bought at the Low”
It’s impossible for anyone to buy at the “low” or sell at the “high” on launch day. Why?
• The low price is often a pre-market figure tied to the ICO, not the actual market price.
• The high price can be random or influenced by market data from other exchanges.
• Everyone starts trading at the opening price set by Binance.
🧠 Why This Matters
Don’t fall for the wild percentage gains or think people are cashing in on the “low prices.” Focus on:
• The opening price, where actual trading begins.
• The market cap, liquidity, and project fundamentals.
• Always stay informed and sharp to make smart trading decisions!
📊 Look at today’s example: $VANA – A perfect case to understand how the market reacts to new coin listings! 🚀
#Binance #Cryptoeducation🔥 #Write2Earn! $VANA
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