When a new coin launches, everyone sees the first surge line and thinks, if only I could have bought in when it was $1, wouldn't I be making a fortune now!
But in reality, thinking this way is quite naive.
You need to know that before launching a new coin, the platform sets three key price points: opening price, highest price, and lowest price.
Take the coin ME for example, the lowest price is marked at $0.3, but this isn’t something that ordinary people can easily buy.
This price is often referenced from its issuance price or the pricing on other exchanges.
As a result, when trading opens, the price skyrockets to around $5.
From $0.3 to $5, the increase looks quite tempting, but it actually has nothing to do with us ordinary investors.
This is more like a celebration for those involved in ICOs or early investors. The platform quietly sets these prices before the market opens, so don’t think you can snag a steal at $0.3.
To put it simply, by the time you see the new coin launch, that price is already not $1 anymore; by the time you can actually buy, it might have already increased by 2450%.
So when a new coin launches, that lowest price is simply not available for purchase. Be rational and don’t let the apparent surge confuse you!
Recently, I plan to set up a potential coin that is ready to explode; doubling my investment is quite simple. At the same time, I am also looking for some potential coins to hold until the end of the year, with an expected growth of over 10 times being quite reasonable. You need direction, and I need attention and likes.