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.
1. Price is determine by the ,market force, ie the theory of demand and supply, the more people are willing to buy the more the price go up and the less people want to buy the prices goes down because more people are willing to sell and few people are willing to buy.
2. it depends on the coin, if it's a good coin with real work usage and community backed, then it is a good idea, but if it's all these meme coins, you might have to think again before you buy them again