Hi everyone,
1/ Who determines the price of a token at launch?
For example, the SUI token cost a few cents in pre-sale and was listed at almost $1.50 on the Binance listing
2/ In your experience, is it a good idea to buy a chip the second it is listed for a profit?
Thanks for clarifying.
There are various things that depend on the token price at launch. The team's dedication, influence marketing, the project's fundamental concept, potential, listing on liquidity provider exchange, and slam everything with some hype.
This is all the exact thing the team involved in the SUI token did and if the project didn't have the needed longevity trust me all the bullish will end in the next market correction. If you can take risk you can take the risk of quick buy and sell but I will advise you not to go for crypto if you're not sure about its future position in the market for quick profit instead invest in BTC.