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🚨There's a common misunderstanding about new coin launches, and I aim to clarify it today.
When a new coin debuts, it often displays a percentage increase based on its initial offering price and current market value. However, this doesn't mean some bought it at a fraction of the price while others at a significantly higher rate.
Before trading commences on platforms like Binance,
three prices are declared:
the opening price,
the high of the day,
and the low of the day.
For instance, let's take $STRK, with a low of $0.2, high of $7.7, and an opening price around $3.
The low typically reflects the coin's ICO or launchpad price, while the high may vary. The percentage you see indicates the difference between the initial offering price and the current market value, essentially representing 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 be swayed solely by these figures; it's essential to comprehend the mechanics behind them and stay informed.#Write2Earn #binance- #strk