Let's debunk a common misconception about new coin launches:
When a new coin like #STRK shows a percentage increase, it's not about individual buyers getting in at different prices like $0.2 or $7.7.
Before trading starts on Binance, three prices are set:
1. Opening price
2. High of the day
3. Low of the day
For instance, if
$STRK 's low is $0.2 and high is $7.7, with an opening price around $3, the percentage you see reflects the difference from the ICO/launchpad price to the current market price.
Everyone buys at the same starting value, not at extremes. Stay informed, don't be swayed by flashy numbers. Education is key.
#CryptoInsights #StayEducated 📚