Investing in new coins on Binance is now risky?
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Assalamu Alaikum
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But it was waiting for many projects, for the Bullrun Season, that's why it didn't come in the market, as soon as the BullRun starts, the projects start coming in the market.
We all know that it is very difficult to list a coin on Binance, because a project has to follow many rules and regulations.
But we saw last month that StarkNet Project's STRK Coin was listed on Binance, and they mentioned that the coin is very risky, to know before trading this coin is very risky.
But since Risky then why this coin is listed on Binance,
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We all know that Binance is very secure exchange, and any coins are delisted before they become Scam, but lately Binance has been getting a lot of bad coins,
Binance came a Meme Coin 2 days ago, that coin is called Bome, after first coming to the market, when that coin was listed in the market, the price of that coin was above 2Cent, but that coin was reduced to half in 2 days, now the price of that coin is around 1Cent,
It is foolish to expect any profit from investing in these types of coins.
But I think Meme Coin means Meme, mainly Shiba, Doge, Pepe, Bonk, this category is popular except for Meme Coin, it is stupid to invest in new coins because we all know that Meme Coin has no usage case, Meme Coin is basically because of Hype, their price is like that. However, except for the popular coins, when the rest of the Meme Coins come to the market, they will sell their own coins illegally and then run away, after a few days they will bring a new Meme Coin.
So those who invest in Meme Coins should check first and then invest, and think before investing in the new coins coming from Binance and then invest, but within 1/2 month Binance has also introduced some good coins, such as Jupiter, Manta Network, ALT etc. Coins are going up day by day since launch.
This is the end of today, everyone be well, Allah-Hafez.
Centralize everything Rix. A very nice and instructive post bro. Many people can learn a lot through your post. But my opinion would be to use decentralized everything. This will keep your funds safe.
I read your entire post, it was excellent. But I agree with you that it's a bit foolish to invest in meme coins other than the few that have them because usually meme coins are not that useful. But the recent game shown by shiva inu, pepe and doge is amazing.
Thanks for Reading brother
Every investment can be risky and profitable depending upon how we do and what are the parameters we have gone through during the yesterday before investing.
Thank you very much for reading the post!
Nice content mate, well I feel we all should do our proper due diligence before Investing in any coin at all, ifnot we should bear the consequences that comes after
Thank you very much for reading the post and leaving a nice comment