"Why are many coins not experiencing upward movement? 馃毃馃毃馃毃

Here's the insight馃憞馃憞馃憞

Recently, I've noticed Binance has been rapidly listing new tokens. This rapid influx is preventing even promising tokens from gaining traction.

Short-term traders are attracted to new tokens due to their higher volatility, offering greater potential for quick profits. Consequently, traders withdraw from established tokens to capitalize on these new listings, aiming for faster returns.

This trend favors quicker gains but limits the growth of existing tokens. I urge Binance to reduce the frequency of new token listings to support the sustained growth of older tokens and coins.

#altcoins #BinanceLaunchPool馃敟 #newtoken