Actually, I have been organizing the recent listing projects of @Official_Upbit. @Foresight_News is based on the wealth effect, and I want to interpret this matter from a brand new perspective, analyzing from multiple angles:
#Upbit #币安赚
1. The wealth effect of Upbit listings is well-known, and the kimchi premium is indeed not exaggerated. However, compared to 2023, the growth rate of tokens listed in 2024 has significantly decreased, proving that the kimchi premium is becoming less obvious.
2. In 2023, a total of 21 coins were listed on Upbit, and this year, before it's over, 23 coins have been listed. The accelerated listing speed indicates an increase in potential cash-out projects, and the speed of exchange profit is also increasing; the bull market continues.
3. The track situation for projects listed on Upbit: In 2023 and 2024, there were a total of 4 meme coins, 16 public chains, 3 social coins, 4 cross-chain coins, 3 DeFi coins, 2 data coins, and others might have 1.
This basically represents Upbit's preference for public chain projects. If you launch a public chain, being listed on Upbit is the right choice.
4. Among the 44 tokens in the past two years, the lowest market cap was 54 million for ACS (excluding that fan token, which is meaningless), and the highest market cap was 10 billion for shib.
There are only 7 coins with a market cap below 100 million, 14 with a market cap between 100 million and 500 million, and 22 with a market cap above 500 million. The market cap performance of tokens after being listed on Upbit has been generally good, with no significant cases of going to zero or being worthless.
This proves that similar projects can have a strong wealth effect when listed on Upbit.
5. In the past two years, among 44 projects, 17 were exclusively listed on Upbit, 6 were listed on both Binance and Upbit, and 19 were listed on Binance before going to Upbit (mainly concentrated in 2023), which fully demonstrates that being listed on Binance significantly promotes listing on Upbit.
However, this situation has changed this year, with 13 out of 23 coins listed exclusively on Upbit, and from the market capitalization, it can be seen that Upbit has strong support for token prices, slightly weaker than Binance, but still very few are weak; the market cap can support a large scale!
6. In comparison, for projects, listing on Upbit after being listed on Binance will have a promoting effect.
However, it seems that for most projects, the promotion effect of listing on Upbit after being listed on Binance is insufficient, as after being listed on Binance, there's no other exchange to go to.
But from a certain perspective, doing multi-chain, not opening bridges, and not enabling deposits and withdrawals, pulling up projects on Binance or Upbit has a significant promoting effect for project cashing out and large price increases; projects can pay attention to this.
7. Previously, the predictions made were about which projects would be listed on Binance. Binance is indeed the exchange with the largest wealth effect. However, researching which coins can be listed on Upbit and the wealth effect it brings should not be underestimated.
Based on the above data, some listing standards can be summarized:
1) Upbit is relatively cautious about new listings, especially last year; basically, only projects listed on Binance have a chance to be listed on Upbit.
2) Being listed on Binance helps in being listed on Upbit, especially in 2023, as the vast majority of tokens were first listed on Binance or listed on both Binance and Upbit simultaneously, but the situation has changed this year.
3) However, for some projects that cannot be listed on Binance in 2024, listing on Upbit is a competitive choice. This means that for many projects, apart from Binance, everyone considers Upbit first, and then other exchanges.
4) Upbit prefers public chains; the proportion of public chains listed in the past two years is very high. For upcoming public chain projects, being listed on Upbit is also a good choice.
8. For an exchange with wealth creation effects, it's essential to research underrated projects within the exchange:
This mainly refers to projects that are only listed on Upbit. Personally, I feel that uxlink, mew, and ath might be worth choosing.
For many people, users who cannot manage Upbit accounts feel it's not important. You can discover the next project to be listed on Upbit or undervalued projects on Upbit, and then buy them through exchanges like Gate or Bitget.
9. If it were me, I would prefer to categorize Binance, Upbit, and Coinbase as one group, while categorizing other exchanges as another group.
Although Upbit and Coinbase cannot yet be compared to Binance, their development path has been consistently upward, and the wealth effect is also good!
If I had to say who has the potential to join this group, I would say Backpack.
