Okay, everyone, listen up! #CATI just hit a HUGE milestone, crossing 1200% gains! 🤯🤯🤯 It's easy to get caught up in the excitement and think, "Wow, some people bought at $0.08 and are now millionaires!" 🤑🤑🤑
But hold on a second! That's not how it works. Remember, Binance sets three prices before trading even starts:
Opening Price: This is where everyone buys when trading begins.
High of the Day: This is usually based on the coin's price on other exchanges, like CMC.
Low of the Day: This is usually based on the ICO or launchpad price.
That 1200% gain you're seeing is the difference between the ICO/launchpad price and the current market price. It's the percentage seed investors made, not the average trader.
So, while it's exciting to see #CATI skyrocketing, don't get caught up in the hype! Remember, everyone buys at the opening price.
What are your thoughts on this wild ride? Is $CATI a buy or a sell? Let's discuss in the comments!
#CryptoTrading #CryptoEducation #Binance #CryptoNews #Altcoins
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