According to HC Capital, a prominent crypto research platform, all newly listed tokens on Binance in 2024 have experienced significant declines from their all-time highs (ATH).
These tokens span diverse sectors, including GameFi, AI, Layer 2, and Layer 3 technologies.
The widespread downturn is attributed to several key factors:
1. Market Volatility: Initial hype and speculative trading often inflate prices, which later correct sharply.
2. Low Float:
This trend underscores the inherent volatility and risks associated with newly listed tokens, particularly in highly speculative and emerging sectors.
Investors are advised to conduct thorough research and exercise caution when engaging with new token listings, as market dynamics can lead to rapid and substantial changes in valuation.
The findings by HC Capital highlight the need for a balanced approach to investing in the ever-evolving cryptocurrency landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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