As a seasoned crypto investor with several years of experience under my belt, I find Flow’s analysis both intriguing and concerning. The data he presents paints a troubling picture of the viability of tokens listed on Binance in recent months.
As a crypto and macro analyst, I have recently conducted an in-depth examination of the trends surrounding the tokens listed on Binance, the globally recognized leader in cryptocurrency exchanges. The findings from this analysis raise some valid concerns.
As a researcher studying the Binance marketplace over the past six months, I’ve uncovered a concerning trend: Over 80% of listed tokens have experienced value declines since their initial offerings. This finding raises serious doubts about the long-term success and viability of these projects, considering the substantial valuations they receive at launch.
A few coins such as ORDI, JTO, JUP, and WIF have defied the general trend and experienced growth, but they are the exception rather than the rule. On the other hand, coins like NFP, PORTAL, AEVO, and others have seen significant price drops, suggesting a widespread issue of overvaluation followed by steep declines in value.
An analysis of the latest listings on the leading cryptocurrency exchange, Binance, over the past six months reveals that over 80% of tokens have decreased in value since their listing dates. Notable exceptions include:
— flow (@tradetheflow_) May 17, 2024
According to Flow’s assessment, it appears that investing in coins listed on Binance may no longer be profitable ventures for regular investors. Instead, these listings might function as a means for insiders and venture capitalists to cash out their holdings.
As an analyst, I can confirm that securing a listing on a major cryptocurrency exchange is a pivotal achievement for any new token. This milestone is widely recognized by investors who anticipate increased value and potential growth for their investment. Furthermore, these listings present valuable opportunities for token holders to capitalize on price appreciation and convert their crypto assets into fiat currency.
It’s worth pondering whether the apparent turmoil in the market conceals deeper concerns, or if this is just a standard response from market players.
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2024-05-19 17:19