How to Approach a New Coin Launch on Binance: A Step-by-Step Guide
When a new token launches on an exchange, here’s how to evaluate it smartly:
1. Check for an ICO (Initial Coin Offering):
Was there an ICO or presale for this coin?
What was the sale price during the ICO?
2. Understand the Supply Dynamics:
Total supply of the token?
How much is circulating at launch?
3. Analyze the Sector:
What’s the focus of the project?
AI? Ecosystem? Gaming? Layer 1/2 solutions?
Is it aligned with a current crypto narrative or trend?
4. Compare Launch Price to ICO Price:
Once the launch price is live, compare it to the ICO price.
Is the gap between the two reasonable?
5. Evaluate Market Cap at Launch:
What’s the market cap at launch?
If it’s too high (e.g., over $500M), it may not be worth chasing.
High market cap launches often lead to early investors dumping their presale/airdrop tokens.
6. Assess Price and Market Cap:
Ensure the launch price isn’t too inflated compared to the ICO price.
Look for a market cap under $500M—it’s generally a safer range for potential upside.
7. Check for Existing Listings:
Is this a brand-new coin or already trading on other exchanges?
8. Look for Airdrops:
Was there a free airdrop for this token?
If so, expect some selling pressure as recipients take profits.
The Key Question:
After gathering all this info, ask yourself: Should I chase this coin right after launch?
Pro Tip:
Don’t buy immediately after launch.
Observe the price action for a few hours.
Let the coin stabilize and build a base price before making a decision.
Patience pays. Be informed, stay cautious, and make smart moves.
Happy Learning & Earning!
#CryptoTips #LearnToEarn #CryptoStrategy #CryptoUsersHit18M $BTC
