The new listing of any currency is a great opportunity for good profit, but at the same time there are risks that we must understand. In this article, we will talk about when to buy new currencies, when to leave them, and we will provide examples of currencies that were listed in 2024 with their prices today.
When to buy new coins
Before you buy into any new coin, you need to understand its project. What does it mean? Does this coin bring something new to the market? Is the team behind it well-known and reliable?
In Initial Coin Offerings (ICO/IDO)
If there is an Initial Coin Offering (ICO or IDO), you can buy at a cheap price before you start trading in the market. But you must first make sure of the credibility of the project.
After the price stabilizes a bit
New currencies are not always stable in price once they are listed. It is best to wait a while until the price calms down and you can see the market trend.
When the project has a clear vision
If the project behind the coin is strong and has a clear plan, this could be a good time to buy.
When will you release the new currencies?
If the price goes up too quickly
If the currency rises very quickly, this may be an indication that there is an unsustainable price bubble, meaning that the price may fall again soon.
If the project is not clear
If there is no transparency or the team behind the coin is unknown, it is better to leave it.
When you make good profits
If the currency goes up and makes you a profit, try to sell part of your investment to secure your profits before it drops.
If the whole market is in a general decline
If the market is generally down, new coins are more vulnerable to losses.
Opportunities and risks in new currencies
Low prices: You can buy coins at a very cheap price if you enter at the time of the first listing.
Rewards and Offers: Some projects offer rewards to those who invest in the early stages of the currency.
Potential for quick profits: New currencies that gain media hype or become popular quickly can generate huge profits.
Large price fluctuations: The currency may rise quickly and then fall again at the same speed.
Lack of liquidity: If there is no demand for the currency, you will find it difficult to sell it or convert it into cash.
Fraud: Some currencies are not a real project, and are just a trick to attract money.
Examples of coins listed in 2024
$USUAL
Listing price: $0.985542. Current price: $0.9823.
The currency was close to reaching $2, but this is normal with the listing speculation. We can say that it is now relatively stable in the market, but the general trend in the market must be monitored.
Hamster Kombat (c-82/>)
Listing price: $0.114 Current price: around $0.0029.
Performance: The coin fell significantly after listing, which illustrates the large market volatility.
Dogs $DOGS
Listing price: Less than $0.001 Current price: Around $0.000518.
This currency's performance has seen ups and downs, but it has not been able to maintain its highs.
( Act I: The AI Prophecy - ACT)
Listing price: $0.0126 The coin has achieved significant growth due to its association with artificial intelligence technology.
How to reduce risks when buying new currencies
Make sure that the amount you invest is an amount that you can easily lose if there is any decline in the market.
Following the news and developments helps you make sound decisions.
Use well-known platforms like Binance or Coinbase to ensure security.
Diversify your investment, don't put all your money in one currency.