【Gainers to Watch】November 10
Today's three biggest movers:
1. $INIT +147.1%, traded volume 27.8M
2. $CREAM +65.4%, traded volume 276K
3. $BNB +45.2%, traded volume 262K
The top-ranked INIT is up 101.9 percentage points more than the third-place coin.
The difference in trading volume is substantial: INIT at 27.8M, while PNT has only 262K. The staying power of gains on low volume is questionable.
Here’s the practical take: I look at rankings like this every day, and my experience is that the top gainer looks tempting, but people who rush in usually end up holding the bag. A 50%+ gain on low volume often gets wiped out the next day; it all comes down to volume. My take: of the top three, only keep an eye on the one with the highest trading volume; treat the rest as entertainment. If you’re unsure, don’t trade. My advice: when you don’t understand what’s going on, holding cash is a position too. (Data from Binance spot market, for reference only.)
#MarketMoves
Today's three biggest movers:
1. $INIT +147.1%, traded volume 27.8M
2. $CREAM +65.4%, traded volume 276K
3. $BNB +45.2%, traded volume 262K
The top-ranked INIT is up 101.9 percentage points more than the third-place coin.
The difference in trading volume is substantial: INIT at 27.8M, while PNT has only 262K. The staying power of gains on low volume is questionable.
Here’s the practical take: I look at rankings like this every day, and my experience is that the top gainer looks tempting, but people who rush in usually end up holding the bag. A 50%+ gain on low volume often gets wiped out the next day; it all comes down to volume. My take: of the top three, only keep an eye on the one with the highest trading volume; treat the rest as entertainment. If you’re unsure, don’t trade. My advice: when you don’t understand what’s going on, holding cash is a position too. (Data from Binance spot market, for reference only.)
#MarketMoves
