There is a big misunderstanding, I will clarify it for you today!
When a new coin comes out, the percentage shown above is the price from its initial price to the current market price. For example, CATI is now said to have increased by 900%.
But many people misunderstood, thinking that some people bought it at 0.08 US dollars, and some people bought it at 1.2 US dollars, and the profit and loss are different. In fact, it is not like this.
When Binance lists a new coin, it will first set three prices: opening price, highest price of the day, and lowest price of the day.
Take CATI as an example, the lowest price is 0.08, the highest price is 1.2, and the opening price is about 0.9. This lowest price is generally the price of its ICO or launch pad, and the highest price is sometimes set randomly, and sometimes it depends on its price on other exchanges. Anyway, these two prices may be guessed based on the market value at the time.
The percentage you see is how much the ICO or seed investors have earned, which is the difference between the price they bought in and the current price.
Remember, no one can buy at the lowest or highest price, everyone starts buying at the opening. Don't be fooled by these numbers, you need to know the tricks behind them.
Learn more and don't be fooled!
