UPDATE_About $CATI
Let’s talk about something important today that most people get wrong. When a new coin is launched, and you see a massive percentage increase—like #CATI up 900% right now—many assume some lucky folks bought at $0.08 while others at $1.20. Some think they’re raking in cash, while others are losing big. But guess what? That's not how it works! 🧐
When Binance lists a new coin, they have to display three key prices before trading starts:
1️⃣ Opening Price
2️⃣ High of the Day
3️⃣ Low of the Day
For instance, let's break down #CATI:
- Low: $0.08
- High: $1.20
- Opening: around $0.90
✨ The low is usually based on the ICO or launchpad price, while the high might be based on CoinMarketCap data if the coin has traded on other exchanges. But sometimes, these prices are just random, depending on the market cap at launch. 🤷♂️
⚠️ The percentage you see is the difference between the ICO price and the current market price. It reflects the gains of ICO or seed investors, not some imaginary trades at $0.08 or $1.20. Everyone buys when the trading starts, and there’s no magical pre-sale at those exact prices.
So, don’t be fooled by crazy percentages! Understand the process and stay sharp. 🧠
Stay informed. Stay ahead. 🚀
