Beyond watching the market, these things are worth understanding too: low circulation, high FDV
A Binance Research report tallied more than ten recently listed new coins, and found that at the time of listing, their circulating supply accounted for only about 6% to 20% of total supply.
During the stage of low circulation, not much capital is needed to push the price up, and the valuation gets magnified along with it; when a large number of tokens are unlocked, more capital is needed to absorb the supply.
This report discussing "low circulation, high FDV" came from Binance Research, and $BNB is the native token of the Binance ecosystem.
Verify news from multiple sources before making a decision, and don’t rely on just one side of the story.
#BNB
Personal opinion, just take a look; not advice.
A Binance Research report tallied more than ten recently listed new coins, and found that at the time of listing, their circulating supply accounted for only about 6% to 20% of total supply.
During the stage of low circulation, not much capital is needed to push the price up, and the valuation gets magnified along with it; when a large number of tokens are unlocked, more capital is needed to absorb the supply.
This report discussing "low circulation, high FDV" came from Binance Research, and $BNB is the native token of the Binance ecosystem.
Verify news from multiple sources before making a decision, and don’t rely on just one side of the story.
#BNB
Personal opinion, just take a look; not advice.