[Practical Information Sharing] Why can’t you buy the newly launched coins on Binance?
Today we are going to talk about a topic that everyone is concerned about: Can we buy the new coins that have just been launched on Binance?
Recently, TON ecosystem’s DOGS has experienced dramatic price fluctuations after its launch on Binance.
On the day of launch, the price of DOGS soared to $0.0018, but the good times did not last long. In the next two days, the price began to fluctuate downward.
Up to now, the price of DOGS has fallen by 40% from its peak, and many retail investors have been trapped.
1. Why does this happen?
In fact, behind this lies the trading methods of market makers.
If you plan to participate in Binance’s new coin project, you must understand these methods, especially paying attention to two key indicators: funding rate and number of open contracts.