#traderumour In crypto, the edge isn’t just charts — it’s information flow. 噂アプリの魅力は、物語を早期に捉え、主流のフィードに届く前にセンチメントを追跡できる能力です。 私は@trade_rumourを使ってノイズをフィルタリングし、新たなささやきを見つけ、実際の論文作成の洞察に進化する可能性のある会話を追いかけています。 知識は速く動きます。噂はさらに速く動きます。👀 #Traderumour
As $XPL is now listed on Binance Here is what you should do when a new token launches on exchange
1- Find out if there was an ICO (initial sale) for the coin. If there was any what was the sale price. Or find out if they raised any funds and what price.
2- What will be the total supply of the coin and how much is circulating at the time of launch.
3- What sector of the technology they're focusing on? is it Ai , ecosystem ,layer 1 or 2 or any other crypto narrative .
4 - Once you get all the info wait and see at what price the coin is launched. Compare the gap between the ICO price and the launch price.
5- What's the marketcap of the coin at the time of launch. If it's too high it's not worth buying right at the launch. it's most likely launched at higher prices and people who got the presale or free airdrops will rush to cash out.
6- Make sure the price is not too high from the ico price and marketcap is less than $500 million. Even $500 is more but higher than this will hold bigger risk.
7. Find out if it's a new coin or already trading on other exchanges.
8. Find out if there was a free airdrop of this token, As far as i know XPL tokens were shared as free airdrop to it's community and was also shared on BNB Hodlers. Once you find out all of these details. Now ask yourself should i chase this coin right after it launched or not?
My suggestion to you : Don't even buy a coin right after it launched - Watch the price action for a few hours - Let the coin build a base price.