Topic: Price of a new token in USD and USDT is different (Read 70 times)
In my opinion, it is natural that the price is different when it was initially listed on the exchange, and will follow the value of USDT as well, so there could be many who trade on USDT, and the USD price lags behind USDT. Just waiting for a few minutes, usually the price will return to normal with the USDT pair, so if someone buys at a price of 0.20USD, that person is very lucky.
Thanks to all
I made a mistake in the question, it is
On December 12 at 6 am 1INCH-USD is at the price of 0.20USD
On December 12 at 10 am 1INCH-USDT is at the price of 2.50USDT
Actually USD and USDT are not listed at the same time?
I made a mistake in the question, it is
On December 12 at 6 am 1INCH-USD is at the price of 0.20USD
On December 12 at 10 am 1INCH-USDT is at the price of 2.50USDT
Actually USD and USDT are not listed at the same time?
I think it is what we called market movement. Market price is dictated by supply and demand. If on the initial listing of the token the price is so cheap, that is because there is not enough demand for it which often result in more lower price. But often times when the token is popular, it can surge really high gaining more than 100% growth in a short period of time since there is much demand to push the price up.
Hey there,
I don't know the token that you're talking about but here's the thing:
Each and every new stable coin, if the one you're talking about is a stable coin, might face some problems when it comes to the trading for the 1st while. People might get some bounty coins and they want to dump them or maybe there's a liquidity issue that drives the token to be traded for lower than its value.
If the token is meant to be a stable asset worth 1 usd then you should not dump your coins for lower than their value of 1 usd, if the foundation behind the project is a solid one then you can buy some of these tokens and you can consider the 0.2$ as a discount price, lol, otherwise if its not a solid one just stay away buddy.
I don't know the token that you're talking about but here's the thing:
Each and every new stable coin, if the one you're talking about is a stable coin, might face some problems when it comes to the trading for the 1st while. People might get some bounty coins and they want to dump them or maybe there's a liquidity issue that drives the token to be traded for lower than its value.
If the token is meant to be a stable asset worth 1 usd then you should not dump your coins for lower than their value of 1 usd, if the foundation behind the project is a solid one then you can buy some of these tokens and you can consider the 0.2$ as a discount price, lol, otherwise if its not a solid one just stay away buddy.
Hi all
One thing I don't understand, on Binance, why when the new 1INCH-USD pair was listed at 0.20USD and the 1INCH-USDT pair was listed at 2.50USDT?
One thing I don't understand, on Binance, why when the new 1INCH-USD pair was listed at 0.20USD and the 1INCH-USDT pair was listed at 2.50USDT?
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