Here’s the revised post without bold:
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Clearing Up a Major Misconception About New Coin Launches
Let’s talk about something that confuses a lot of traders when new coins launch and show massive percentages—like $CATI, which is up 900% right now! But what does that really mean? Time to clear up the doubts.
When a coin launches, many people think some early buyers scooped it at $0.08 while others grabbed it at $1.20. Some might imagine big winners and others taking losses. But that’s not how it works!
Here’s the truth:
Before a coin starts trading on Binance, there are three key prices that must be set:
Opening price
High of the day
Low of the day
For example, with $CATI:
Low: $0.08 (often based on ICO or Launchpad price)
High: $1.20 (can be random or based on other exchanges)
Opening: $0.90
That 900% increase you see? It’s based on the difference between the ICO or Launchpad price and the current price, showing the gains made by early investors. The highs and lows don't mean some lucky person bought at $0.08 and someone else at $1.20. Everyone buys in at the opening price where trading begins!
So next time you see those jaw-dropping percentages, don’t get dazzled—understand how the numbers work! Stay informed and make smart moves.
Stay educated, stay ahead
Disclaimer: This post contains third-party opinions. It is not financial advice. Always DYOR and see T&Cs.
