đąA BIG MISCONCEPTION AMONG PEOPLE ABOUT LISTING OF NEW COIN
đWhen a new coin is introduced and its percentage change is displayed, it often creates a misconception among people regarding varying purchase prices.
However,
when Binance adds a new coin,
they specify three key prices before trading begins:
đthe opening price,
đ the high of the day,
đ and the low of the day.
For instance, take #STRK, with a low of $0.2, high of $7.7, and an opening price around $3. The low is typically based on the coin's ICO or launchpad price, while the high could be random or derived from sources like CoinMarketCap if it's already traded on other exchanges.
The percentage shown reflects the difference between the ICO/launchpad price and the current market value, indicating the profit made by ICO investors.
It's crucial to understand that everyone buys at the value where trading starts, not at the listed low or high prices. Therefore, it's important to stay informed and not be swayed solely by these numbers.
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