Recently there have been a craze and buy rush for any coin new listed on Binance but usually turns to a nightmare for those who FOMO too early. $MBL which was listed today because they won vote for community coin dumped from 59 sats to 30 sats within some minutes. This was the case with LTO too. My little advise to traders, (especially newbie traders) is to analyze properly before diving into buying a newly listed coin on Binance especially and other exchanges with such hype. Even if you must do, use tight SL and moreover there is no point chasing a moving train.
As we invest we should be very cautious on these coins or alts and we should not be driven by the hype of the market. We should study first the coin and its value before investing. The chance that it will be successful is base on the support it will get from the users. If there is no people or companies or something else that will benefit from the coin it will probably fail like what happened to the number of alts out there.