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llanerosolitario
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On Binance, when a new coin is launched, here’s what you should do when a new token is launched on the exchange
1- Find out if there was an ICO (initial sale) for the coin. If there was, what was the sale price?
2- What will be the total supply of the coin and how much is circulating at the time of launch?
3- What sector of technology are they focusing on? Is it AI, ecosystem, gaming, layer 1 or 2, or some other crypto narrative?
4 - Once you have all the information, wait and observe at what price the coin is launched. Compare the difference between the ICO price and the launch price.
5- What is the market capitalization of the coin at the time of launch? If it is too high, it is not worth buying right at launch. It is very likely that it will launch at higher prices and people who got in the presale or received free airdrops will rush to sell.
6- Make sure that the price is not too high compared to the ICO price and that the market capitalization is below 500 million dollars.
7. Find out if it is a new coin or if it is already trading on other exchanges.
8. Find out if there was a free airdrop of this token.
Once you find out all these details. Now ask yourself: should I follow this coin right after its launch or not?
My personal suggestion for you: Do not buy a coin right after its launch
- Watch the price action for a few hours
- Let the coin build a base price.
- Make your decisions.
Happy #LearningTogether #learn2earn
1- Find out if there was an ICO (initial sale) for the coin. If there was, what was the sale price?
2- What will be the total supply of the coin and how much is circulating at the time of launch?
3- What sector of technology are they focusing on? Is it AI, ecosystem, gaming, layer 1 or 2, or some other crypto narrative?
4 - Once you have all the information, wait and observe at what price the coin is launched. Compare the difference between the ICO price and the launch price.
5- What is the market capitalization of the coin at the time of launch? If it is too high, it is not worth buying right at launch. It is very likely that it will launch at higher prices and people who got in the presale or received free airdrops will rush to sell.
6- Make sure that the price is not too high compared to the ICO price and that the market capitalization is below 500 million dollars.
7. Find out if it is a new coin or if it is already trading on other exchanges.
8. Find out if there was a free airdrop of this token.
Once you find out all these details. Now ask yourself: should I follow this coin right after its launch or not?
My personal suggestion for you: Do not buy a coin right after its launch
- Watch the price action for a few hours
- Let the coin build a base price.
- Make your decisions.
Happy #LearningTogether #learn2earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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