Post
Topic
Board Altcoin Discussion
Re: I have 2 questions that bother me
by
Lamkuthang
on 06/05/2023, 06:51:01 UTC
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.

The price of a token at launch is determined by a variety of factors, including market demand, token supply, and the perceived value of the project behind the token. In some cases, the price may be determined by the project team or through an auction process, but ultimately it is the market that determines the token's value

Overall, the price of a newly listed token can be highly volatile and unpredictable, and there is no guarantee that the price will continue to rise after the initial listing. for this moment many are waiting and may be tempted to buy tokens once registered in the hope of making a quick profit. Grin Grin Grin but this strategy is often risky.