Based on what I noticed this bull run, the majority of the coins that have a good pump this season are those that are listed in Binance, so I come to the conclusion that we should only invest in coins that are listed in this exchange for us to have a chance to maximize our profit.
What's your take on this, am I right or wrong?
Share your opinion.
I think that it is very important for an alt coin in todays world to be listed on an exchange. The amount of traders interested in a coin will increase drastically if it is being featured on an exchange. However, there are a lot of alt coins out there, so being listed at the bottom of the exchange is probably not giving a lot of new investors. But if we manage to be among the top 10 or top 30 biggest alt coins then a lot of traders will be interested in that coin. I noticed that most exchange list coins either by their daily changes (volume traded per day) or by their total market capitalisation.