USUAL is still rising against the trend. I bought it during pre-market trading on Binance, and it was less than 4 times; I sold it before it officially launched, but I didn't expect it to still soar 😂. Now I want to place an order to buy it back, but I can't get any. At that time, I could buy a maximum of 40,000 USUAL in pre-market trading, which was about 10,000 U. Based on the current price of USUAL, it is worth over 50,000 U, and it should be the best-performing coin in the secondary market recently.
The logic for buying is very simple: coins traded in pre-market are all from Launchpool, and it's hard for them to drop significantly during pre-market trading, which has a high participation probability. USUAL has a circulating market cap of 100 million USD, with a total market cap of less than 1 billion USD. Compared to similar projects like ENA and ONDO, it is undervalued. Looking back, it was a fantastic opportunity to pick up a bargain; the price has not yet been inflated, and only in the past two days has there been some FOMO in the market.
This time encountering USUAL really highlights the value of Binance's pre-market trading. There are several design guarantees for the return on investment:
1. All tokens traded in pre-market are generated through Launchpool, with no airdrops, so investors wait for the unlocking of Tokens. This avoids many VC coins dropping like Christmas trees after they go live.
2. This time, the limit for USUAL was 40,000, and the buying price when it went live was about 10,000 U, which is sufficient for most retail investors, while market makers and large holders cannot inflate the price in pre-market.
3. It requires better project research capabilities; for those who understand the project, they can get a better price in pre-market trading.
For these tokens with a pre-market trading mechanism, the participation risk is lower than that of other tokens in the secondary market because it avoids the risks of manipulation, low-cost airdrops, and VC unlocks. Even SCR, which actually has an increase during pre-market trading.
So for projects that are not optimistic, the best choice is to sell before the end of pre-market trading due to the issues of manipulation and low-cost token unlocks. For projects that are optimistic, buying in pre-market trading or during significant turnover after the official trading starts has good opportunities. After USUAL opened, it also had large fluctuations, reaching around 0.8.