There's a common misconception about new coin listings. When a coin is listed and shows a percentage increase (e.g., $CATI up 900%), many assume:
- Some people bought it at $0.08- Some bought it at $1.20- Some made huge gains, while others lost significantlyHowever, this isn't true.Before trading starts, Binance requires:1.
Opening price2. High of the day3. Low of the dayExample: $CATI- Low: $0.08- High: $1.20- Opening price: around $0.90The low price is based on:- ICO price-
Random value- CoinMarketCap priceThe percentage increase represents the difference between:- ICO/platform price- Current market priceThis reflects the returns made by ICO or seed investors.Note:-
Everyone buys at the starting trading value.- No one buys at $0.01 or $1.20.Don't be misled by impressive rate increases. Stay informed.
