Be careful before investing in new coins from Binance!
Assalamu Alaikum
[Screenshot From Binance]
If you look at the new coins of Binance 3/4 months ago from today, the maximum of 3/4 coins came in a month, but now if you look at 1/2 project coming every week, when there is a rumor of a coin list before Binance, those coins Used to create huge Hype, but now if you notice that Binance does not create Hype like before in new coins,
If I say one of the main reasons for that, you will notice that Binance Launchpad used to have a minimum Farming Time period of 2 weeks, but now Launchpool has a maximum of 10 days, Coin Launch cannot create Hype in such a short period of time.
Especially Binance Launchpool Farming Period runs before the new coin is launched, these events can be taken with BNB, then everyone has a Hype on that coin, when this coin is listed in the market, the Farming Reward of that new coin is distributed.
(Screenshot From Binance)
Currently, Binance is listing some High Risky Coins, among them StarkNet is a very High Risky coin.
Before investing in this coin, Binance itself warns,
Because those who bought this coin after it was listed have made a huge loss.
Where the Binance Coin List will start moving up slowly, the opposite is going down further.
There are several complaints about this coin, we think that being on Binance Coin List means that the coin is 100% safe, it is completely stupid to think that from now on Binance, before investing in new coins, do a good technical analysis on that coin and then invest.
However, some good projects are coming from time to time, among them Manta, ALT coins are very good.
Hope everyone understands,
This is the end of today, everyone, be well, stay healthy, Allah Hafez,
Thanks for this informative post, indeed I for one would be careful on the choice of new coins I choose to invest on.
Right bro
When a new coin list in binance market we see the price get big pump. But it dose not stay for long time. So we should be careful and make trade in perfect time. Thanks for sharing.
Right
Everything has the word risk. Risk can be avoided by being careful.
I agree
Very good explain brother. Love to read. Thanks for sharing.
Thanks for reading my Post
Be careful before investing new coins from Binance. You have given a very good explanation. Which is very important for us and understood a lot from here thank you. Hope to benefit from here in future.
Thank you very much for reading each of my posts carefully and leaving a nice comment