Post
Topic
Board Altcoin Discussion
Re: TOMA Takes Off: Should I Take the Risk and Buy Early?
by
Agbamoni
on 05/12/2024, 10:44:01 UTC
The day it gets listed trust me the price will go down. It is not a meme coin and the community they have is only interested in the airdrop tokens. I think it is a bad idea to indulge in premarket purchase as it is an according to me a dumb idea.
Good advice, which I will also give to the OP, aside from the majority of the holders, who will be airdroppers, will only be interested in selling and taking home what they get, which will obviously drag the price down from whatever it's listed with. There's also a higher chance of the total supply being higher than what the exchange assumes it to be, which could lead to what's bought during premarket being devalued.
If you read again the OP is willing to take the risk knowing full well that such a coin is bound to drop in price when it gets listed in most cases since the community is anxiously waiting to sell off. Don't be surprised if the reverse can be the case. Instead of dipping the price might skyrocket within a few days just to make investors profit out of their patience. It might be a pump-and-dump coin. Still, I can't advise OP to buy because the risk is a blind risk.

In the end, he will make his chouse, let's see how it turns out.