๐๐ก๐ ๐๐๐๐ฅ๐ข๐ญ๐ฒ ๐๐๐ก๐ข๐ง๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐๐ฎ๐ง๐๐ก ๐๐๐ซ๐๐๐ง๐ญ๐๐ ๐ ๐๐ฒ๐ฉ๐: ๐๐ก๐๐ญ ๐๐จ๐ฎ ๐๐ก๐จ๐ฎ๐ฅ๐ ๐๐ง๐จ๐ฐ๐ฅ๐ฏ
Ever wondered how tokens like $VANA claim jaw-dropping gains like +2400%? You might think someone bought at $1 and cashed out at $25.70, but thatโs far from the full story. Letโs break it down so you can see through the numbers with clarity.
When major exchanges like Binance launch a new coin, they establish three critical price points before trading kicks off:
1. Opening Price โ The actual price where the market starts trading.
2. High of the Day โ The highest price achieved on the initial trading day.
3. Low of the Day โ Often derived from the ICO or launchpad sale price.
Take $VANA as an example:
Low: $1 (set for early ICO or Seed investors).
High: $25.70 (hyped price on other platforms or trading peak).
Opening Price: Approximately $21.79.
Hereโs the truth: no trader could buy at the $1 price when trading opened. That price was reserved for early investors. Likewise, no one realistically sold at the peak $25.70 immediately. Most retail participants entered around the opening price, and the massive percentages you see (like +2400%) reflect the gains made by early ICO investors, not your typical retail trader.
Why does this matter? Because understanding how supply, demand, and market cap influence price movements will help you make informed decisions. Tokens often see volatile swings when circulating supply increases or hype fades. Donโt let flashy numbers distract youโfocus on the mechanics and the bigger picture.
Stay informed. Stay empowered. Remember, knowledge is your strongest asset in the crypto market.
Disclaimer: This is for educational purposes only, not financial advice.
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