What to do when a new token launches on exchange

1- Find out if there was an ICO (initial sale) for the coin. If there was any what was the sale price.

2- What will be the total supply of the coin and how much is circulating at the time of launch.

3- What sector of the technology they're focusing on? is it Ai, ecosystem, layer 1 or 2 or any other crypto narrative.

4 - Once you get all the info wait and see at what price the coin is launched. Compare the gap between the ICO price and the launch price.

5- What's the marketcap of the coin at the time of launch. If it's too high it's not worth buying right at the launch. it's most likely

6- Make sure the price is not too high from the ico price and marketcap is less than $500 million.

7. Find out if it's purely a new coin or already trading on other exchanges.

Once you find out all of these details. Now ask yourself should i chase this coin right after it launched or not?

My personal suggestion to you: Don't even buy a coin right after it launched

- Watch the price action for a few hours

- Let the coin build a bass price. Make your decisions.

Keep learning, Stay safe. #Write2Earn $BTC $ETH $BNB