When a new coin hits the market, and suddenly, it's skyrocketing, boasting a whopping 900% increase in value like #strk is doing right now.
But hold on a second! Let's clear the air. Many believe that some folks bought this coin dirt cheap at $0.2 while others snagged it at $7.7, leading to massive gains or losses. Well, here's the truth: that's not quite how it works.
When a new coin debuts on platforms like Binance, they set the stage by disclosing three crucial prices: the opening price, the highest price of the day, and the lowest price of the day.
Take $STRK, for instance. Its low sits at $0.2, the high at $7.7, and the opening price around $3.
Now, here's the kicker: the low typically reflects the coin's ICO or launchpad price, while the high can be random or sourced from platforms like CoinMarketCap if it's already trading elsewhere.
when you see that eye-popping percentage increase, it's actually the difference between the ICO/launchpad price and the current market value – essentially, the gains made by early investors.
Remember, before a coin even hits the market, these three prices are set in stone. There's no magic trick where someone swoops in and buys at rock bottom or sky-high prices.
Everyone enters the game at the same starting line. So, instead of being dazzled by these numbers, let's dive deeper into understanding the mechanics behind them. Knowledge is power in the world of trading.
And that's where Trading Machine AI comes in. Our team of seasoned experts specializes in automatic trading and bot trading in the crypto sphere.
With our cutting-edge technology, we're paving the way for smarter, more efficient trading strategies, making the crypto market more accessible and lucrative for everyone.
So, next time you see those jaw-dropping percentages, remember – behind the scenes, there's a method to the madness, and with the right knowledge and tools at your disposal, you can navigate the exciting world of crypto trading with confidence.
#Write2Earn #TrendingTopic $BTC $STRK