With $1000CAT now listed on Binance, many are looking for guidance on how to navigate new token launches. Hereโs your ultimate strategy to stay ahead and make smarter decisions when a new coin hits the market. ๐ง
1. Was There an ICO (Initial Sale)? ๐ฅ: Find out if the coin had an ICO and, if so, what the sale price was. Knowing this helps you understand its initial value. ๐
2. Check Total Supply & Circulating Supply ๐: Research how much of the coin is in circulation at launch and what the total supply is. This can impact the price and demand. โณ
3. Whatโs the Coinโs Focus? ๐ฏ: What sector is the coin targeting? Is it AI, ecosystem development, gaming, Layer 1 or 2, or something else? For example, $1000CAT is a memecoin, so it follows a different market dynamic than tech-based tokens! ๐
4. Wait for the Launch Price ๐ธ: Once you have the info, be patient and wait to see the launch price. Compare it to the ICO price to check for any significant differences. ๐
5. Market Cap Matters ๐ฅ: Pay attention to the market cap at launch. If itโs too high, itโs probably overpriced, and those who got in early (via presale or airdrop) will likely sell off quickly. ๐ถโโ๏ธ
6. Make Sure the Price Is Reasonable ๐ฐ: Ensure the launch price isnโt much higher than the ICO price, and the market cap should ideally be under $500 million to make it a more stable investment. ๐ก
7. Is It New or Already Trading Elsewhere? ๐: Find out if the coin is debuting on the exchange or if itโs already trading on other platforms. A fresh listing might experience more volatility. โก
8. Airdrop Check ๐: Investigate if the coin was airdropped. Airdropped tokens often flood the market shortly after launch, which can lead to a price dip. ๐
Once youโve gathered all this info, ask yourself: Should I buy this coin right after it launches? ๐ค
My personal tip: Donโt rush to buy immediately after the launch. Instead:
- Observe the price action for a few hours. โณ
- Let the coin stabilize and find its base price. ๐
- Then, make your decision when things calm down. ๐ก
Keep learning and always stay safe in the unpredictable world of crypto! ๐๐ฅ
