Letโs bust some myths and dive into how those jaw-dropping percentage gains actually work when new coins list on platforms like Binance. Hereโs the REAL story you need to understand ๐
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๐ข The โThree Pricesโ Binance Sets Before Trading Starts
1๏ธโฃ Opening Price: The price where trading officially begins.
2๏ธโฃ Low of the Day: Usually tied to the ICO/seed price. This isnโt an actual trading price!
3๏ธโฃ High of the Day: Based on previous market cap, price on other exchanges, or sometimes random data.
โ ๏ธ These numbers are determined before trading begins and are NOT actual buy/sell prices!
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๐ The Misleading Percentages You See ๐
When you see wild gains like โ+2400%โ, hereโs the truth:
The percentage is calculated from the low price (ICO price) to the current price.
The โlowโ represents what early investors paid (not retail traders).
Example:
Low Price: $1 (Seed Price)
Opening Price: $21.79
The gain of 2400% is based on that $1 seed priceโnot what you or I paid. ๐คฏ
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โ The Myth of โBuying the Lowโ ๐ค
Hereโs the deal:
Nobody can buy at the low or sell at the high at launch.
The low price is just a pre-market reference tied to ICO rounds.
The high price is often a random metric or based on other exchanges.
Everyone starts trading at the Opening Price set by Binance.
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๐ก What REALLY Matters in New Coin Launches:
Stop chasing misleading percentages and focus on:
โ Opening Price: Where actual trading starts.
โ Market Cap: Check if the valuation is reasonable.
โ Liquidity: How easy it is to buy/sell the coin.
โ Fundamentals: The projectโs real value and potential.
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๐จ Todayโs Example: $VANA ๐จ
Price: $33.35 ๐
Gain: +3235.9%
But remember: That percentage reflects profits for early investors, not buyers at launch.
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Stay Smart, Stay Informed, and Trade Wisely! ๐ง ๐
Understanding how new listings work gives you the edge to make profitable and informed decisions.
๐ #CryptoTrading #NewListings #BinanceLaunch #TradingEducation