There is a picture of the performance of Binance’s listed coins that has been circulating recently:
This proves that Binance’s coin listing performance is very poor.
After verifying the relevant data, I found some problems, which I would like to share with you here:
1. There is a problem with the calculation method in the figure
The overall performance is calculated by taking the max price (the highest price of the coin on the day of listing and the highest price thereafter). This is illogical because it will always be a negative value. At the same time, the price of the coin on the opening day is sometimes outrageous and is usually discarded when doing data analysis.
2. Design of fair price
If we consider the yield, we need a more fair benchmark price. In the past, I used the closing price of the listing day as the comparison benchmark because it is a relatively easy-to-buy price, and I got the following table:
This is quite different from the data in the market.
3. Consider the correction of BTC performance
At the same time, we should consider the impact of the external environment on the performance of the currency price. For example, although a currency has fallen, its decline is also the process of BTC's decline, which cannot reflect its performance very well. Therefore, we need to add a correction for BTC and get the following table:
4. Consider the overall process rather than the result between two points
At the same time, when we observe its performance, we also need to see whether it has been falling since its listing, or whether there has been a good rise. We can compare the closing price on the day of listing with the highest price thereafter to get a vague impression. The data is as follows:
What conclusions can you draw from the above data?