Based on what I noticed this bull run, the majority of the coins that have a good pump this season are those that are listed in Binance, so I come to the conclusion that we should only invest in coins that are listed in this exchange for us to have a chance to maximize our profit.
What's your take on this, am I right or wrong?
Obviously, when a coin is listed on an exchange like Binance, which is the leading centralized exchange right now, it causes the coin to get more exposure and there are lots of investors who would immediately buy a newly listed coin because the theory is that it would only go up from there. But I would say that is not the case always, you can see what happened to OM token, it was listed on Binance and the price hiked for a few days but then it dropped badly.
My conclusion would be that if you invest in any coin that is newly listed on Binance or any big exchange then always check what the project aims to achieve because just getting listed on Binance is not enough. A lot of meme coins recently like shib have managed to get listed but that doesn't make them a good investment at all. I am not even sure if Binance conducts the due diligence nowadays.