Key facts:
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Investing in cryptocurrencies to be listed on Binance can pay off, traders say.
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The key is to buy them before Binance integrates them to sell them later, they explain.
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Different traders agree that one way to make a profit is to buy the cryptocurrencies that Binance announces that it will list. It should be noted that, like any investment, it involves risk, so it is not guaranteed that this practice will always give returns and may end in losses. But it is an activity that has given good results on multiple occasions, which is why some value it.
The trader MacnBTC highlighted the last week that this trick allows to find cryptocurrencies “winners” such as MATIC which increased 45,000%, SOL 50,000%, EGLD 12,000% and LUNA 18,000%. And he assured that this technique has allowed him to “constantly earn money over the years.” Although he admitted that history does not always repeat itself, he warns that it can happen once more.
Therefore, trust this type of investment that consists of buying the main cryptocurrencies that Binance announces that it will list. Normally these usually have a price increase when they enter said exchange, being the largest in trading volume in the world. So selling them on the upside when they come in is one way to make a profit.
It is a fact that people like new things. Newly listed coins that have their main listing on Binance can make us a lot of money. They have fresh charts, often cliff breakouts (meaning investors are locked in for the first few months of trading), and can easily form new narratives.
MacnBtc, cryptocurrency trader.
“There are a few times a year where the market literally drops you free money and you just have to pay attention and pick it up,” the trader said of the practice. However, he pointed out that “there are thousands of ways to find winners” in the cryptocurrency market, which is why he stressed that this is only one possible wayas reported by CriptoNoticias.
How to tell if a new cryptocurrency on Binance will break out
MacnBTC distinguished that care must be taken in “differentiating winning cryptocurrencies from losing ones.” That is, not all that the exchange announces that it is going to list will get an increase. That’s why, recommended to activate the alerts of the listings of Binance and start monitoring every new asset you add.
Among the elements that he advises to investigate before buying, he highlighted analyzing the seed unlocking calendar / private rounds, the price, as well as the investors, advisors and team. “This kind of risk assessment takes practice and time in the markets,” she noted.
From his point of view, he maintains that for a newly listed token to be interesting for him to buy, the graph should reflect slow and staggered gradual liquidation over a few days. In this sense, he underlined: “We don’t want to buy anything that pumps [en fuerte y rápida alza] immediately following the list [de Binance]!».
Although without that analysis, from other eyes, the FemTrader specialist counted in early 2022 that their tactic is to quickly buy a crypto asset that Binance post what you are going to list. That’s in case its price hasn’t gone up much since the announcement. He maintains that buying an hour later may already be too late.
Therefore, consider that it is key to buy in the first minutes following the announcement and then sell when the exchange starts listing it or maybe before if it has already made a raise. Given this, he clarified that “this practice does not favor the cryptocurrency project and is purely speculative.” He maintains that the most purists are once morest this.
Furthermore, he indicated that this venture investment “not for newbies” in the cryptocurrency market. He explains that this is because sometimes these crypto assets, before entering Binance, can only be purchased from certain platformsas MetaMask o Trust Walletwhich not everyone knows how to use.
And adds that listing ads are sometimes posted just hours before they are added to Binance and sometimes in the morning. Reason why it warns that it requires to be agile when operating and to have an account in several exchanges to have one from where you can buy. He concluded that the CoinMarketCap page shows where each crypto asset can be purchased.
