New Report: Over 80% of Crypto Assets Including Bitcoin (BTC) and Ethereum (ETH) See Decline After Binance Listing

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3
(04:44 AM UTC)
2 min read

Contents

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  • Over 80% of the newly listed cryptocurrencies on Binance have declined in value, raising investor concerns.
  • In a detailed analysis, only five out of 31 new tokens showed an increase in value post-listing.
  • “The VC + CEX cartel pushes for high initial valuations, often resulting in poor investment returns,” noted crypto researcher Flow.

Explore the recent downturn in new cryptocurrency listings on Binance and its implications for investors.

Most New Binance Token Listings Trading in Red

Recent data reveals a troubling trend for new cryptocurrencies listed on Binance, with a significant majority showing a decline in value shortly after their debut. This phenomenon highlights potential risks and the need for cautious investment strategies.

Insights into Profitable Tokens Amidst the Decline

Despite the general downtrend, tokens like Ordi and Dogwifhat have seen remarkable gains. These exceptions suggest that while the broader market struggles, there are still opportunities for astute investors willing to delve into specific projects.

New Token Launches Causing Market Harm

The current strategy of launching tokens at high valuations is proving detrimental, not only to the tokens themselves but also to the broader cryptocurrency market. This approach needs reevaluation to foster healthier market dynamics and investor trust.

Conclusion

The landscape of new cryptocurrency listings on Binance indicates a challenging environment with prevalent losses. Investors should approach these opportunities with a strategy that includes thorough research and risk assessment to navigate this volatile market effectively.

SC

Sarah Chen

COINOTAG author

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