🛑🛑🛑Strk urgent urgent very urgent update
When a new coin makes its debut, it often shows a percentage increase based on its initial offering price compared to its current market value. However, this doesn't imply that some individuals purchased it at a fraction of the price while others paid significantly more.
Before trading begins on platforms like Binance, three prices are declared: the opening price, the high of the day, and the low of the day. For example, let's consider $STRK, which had a low of $0.2, a high of $7.7, and an opening price around $3.
The low typically represents the coin's ICO or launchpad price, while the high may vary. The percentage you see reflects the difference between the initial offering price and the current market value, essentially indicating the gains made by ICO investors.
It's crucial to understand that everyone buys at the market's opening value, not at the extreme lows or highs. 📈
So, don't solely focus on these figures; it's vital to comprehend the mechanics behind them and stay informed.
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