More than 80% of new cryptocurrencies that were listed on Binance experienced a decline in value.
It has been discovered that most of the tokens that have recently appeared on the Binance listing boards are backed by top tier venture capital firms. These companies are launching their projects at inflated values, with the average fully diluted value exceeding $4.2 billion upon listing, with some tokens even exceeding the $11 billion mark. It has been observed that these projects potentially lack an established user base or proper community support.
To combat the trend of issuing tokens at high prices with low initial circulation volumes, Binance has called for a healthy and sustainable market environment. The plan involves Binance taking the lead in attracting small and medium-sized projects. The exchange also plans to invite high-quality teams and projects to participate in the Launchpools exchange listing programs.
In the near future we will publish long-term forecasts for top altcoins that have the potential for multiple growth! You can subscribe to the blog so you don't miss any reviews! TG #rockettema
