Quote from: Bolivar_Tony on Today at 04:48:31 PM

Quote from: Sun2k on May 05, 2023, 06:45:48 PM

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

Yep, that factors are valid for determining the price of a coin that is just listed. If people knows there's a demand for a coin, they are more willing to rush at the listing price or near it to gather it in short they are FOMO. But as we know there are coins that only has sharp market bumps but minutes after being followed by heavy selling pressure that is cause by flippers or short term trader that only want to get profit from the opportunity. If the project has the real demand, the coin will stay near it's peak price as the project community is guarding it's support price. Overall, The price after the listing will all depends on different variables and couldn't be answered directly.