Topic: Coins listed on Binance through the community coin vote show 24% price decrease - page 3. (Read 316 times)
February 28, 2020, 07:26:06 AM
I think most coins that are always getting listed through voting always end up this way. It is purely pumped and dump and after this happens, the potential coins among them will grow organically. Meaning when the project owner continues developing the project as presented in the roadmap and also making sure that there is a need for the purchase of the token to obtain a product or services. This to me is even better than most of the coins that are being listed on some exchange platform. It is almost impossible to profit if you buy the coin during token sales
February 28, 2020, 07:16:29 AM
Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while
They were getting listed based on the how much vote that already received but remembers about those coins are not having the strong product. In my experience, if the binance listing will always become the place to sell and that will never become the place to buy before FOMO. That decreases has already shown to us if FOMO will be ended after it will enter the major market. February 28, 2020, 07:09:56 AM
Indeed some of the coins that won the voting contest experienced a price reduction after listing but I think it is only temporary. Binance is one of the biggest exchangers and I think listing on Binance will increase liquidity and also the confidence of the investors and ultimately will affect the price
February 28, 2020, 05:50:10 AM
Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while
its actually depend on the situation , if the vote came from user's who recieve some giveaway in exchange for thier vote.Thats bot good investment but if the community decide by thier own to vote this is only means that the project recieve more support from the community and the way they help them is to vote them.
February 28, 2020, 05:35:26 AM
Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while
I also agree with you and I also thinks that most of the voters only did it to dump their coins.This is why I keep distance to the new listed coins specially if they got listed because of the votes.
They are holding their project's fund and depending on free listing.
February 28, 2020, 05:01:12 AM
Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while
This is true, most of these coins have no market maker that helps to sustain their prices above a price level for sometime, when you see Binance charge listing fees this is what the money is used for as compared to free listing where you are left in the wild to die or survive
February 28, 2020, 02:50:52 AM
Winning vote is normal thing, this doesn't guarantee the usefulness of the project that wins the vote, if a project is not good enough and still win the vote it will surely get listed on binance as promised, price will get pumped and later get dumped, only good projects deserves to get listed on binance
February 28, 2020, 02:06:48 AM
Indeed it usually happens in coin voting especially binance, if the winner is already visible then the price will rise and peak 1 or 2 days before listing, and when the listing will return to normal price. It was short term trading, sell before listing always safe to situation like this.
February 28, 2020, 01:39:23 AM
It's the community that voted it so that they'll be quick to dump it and afterwards, they'll eventually buy bitcoin or keep the profits to themselves. Actually, this community vote is good for those projects that doesn't have budget to list on Binance.
But somehow, this might be part of the cons that it has with the said feature.
But somehow, this might be part of the cons that it has with the said feature.
February 28, 2020, 01:24:32 AM
Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while
February 28, 2020, 01:20:04 AM
Coins listed on Binance through the community coin vote show a price decrease of an average 24% after 7 days
https://xangle.io/project/MBL/disclosures/5e53368aaa40c06ddf417e9f
Coins listed on Binance through the community coin vote had the highest earnings on the day of the announcement – after listing, token prices showed a tendency to decline. This shows the ‘Sell on News’ effect where price increases before official announcement and decreases after.
This analysis was conducted to investigate the effect of voting on listing, which is becoming a trend among exchanges.
According to crypto disclosure platform Xangle, MovieBloc announced that it was listed on Binance after a coin vote on the 21st. Six days after the listing, Moviebloc was down 41%.
Six coins, NKN, ARPA, CTXC, VITE, DREP, and MovieBloc, have been successfully listed on Binance through the coin vote.
The average price increase rate of the six coins on the day of the voting announcement was 60.08% higher compared to 24 hours ago. On the day of listing, the price fell 7.45%; after 7 days, it decreased by 24.07%. NKN was the only coin that showed a price increase.
https://xangle.io/project/MBL/disclosures/5e53368aaa40c06ddf417e9f
Coins listed on Binance through the community coin vote had the highest earnings on the day of the announcement – after listing, token prices showed a tendency to decline. This shows the ‘Sell on News’ effect where price increases before official announcement and decreases after.
This analysis was conducted to investigate the effect of voting on listing, which is becoming a trend among exchanges.
According to crypto disclosure platform Xangle, MovieBloc announced that it was listed on Binance after a coin vote on the 21st. Six days after the listing, Moviebloc was down 41%.
Six coins, NKN, ARPA, CTXC, VITE, DREP, and MovieBloc, have been successfully listed on Binance through the coin vote.
The average price increase rate of the six coins on the day of the voting announcement was 60.08% higher compared to 24 hours ago. On the day of listing, the price fell 7.45%; after 7 days, it decreased by 24.07%. NKN was the only coin that showed a price increase.
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