Flow

Cryptocurrency

Dollars

ORDI

A recent study by cryptocurrency researcher Flow analyzed the performance of 31 tokens listed on Binance over the past six months. The results are quite surprising and reveal that more than 80% of these tokens have lost value since their listing.
Only five tokens showed price increases compared to when they were listed: ORDI with a staggering increase of 261.9, JTO and JUP continuing the Solana momentum with increases of 62% and 58% respectively, and WIF, a memecoin with an increase of 117%. The other remaining token is MEME, another memecoin.
On the other hand, the biggest decreases were in NFP (-62%), PORTAL (-69%), AEVO (-68%), SAGA (-63%), DYM (-55%), AXL (-55%), BOME ( -55%) and W (-58%).
When Binance listed these tokens, their average fully diluted market cap (FDV) was $4.2 billion, with some even reaching a staggering FDV of over $11 billion. Many of these new listings were tokens backed by top venture capitalists and launched at exorbitant valuations.
Related News: <a href="https://en.bitcoinsistemi.com/renowned-ceo-reveals-the-event-that-could-bring-billions-of-dollars-to-the-cryptocurrency-market-everyone-ignores-but/" target="_blank" rel="noopener noreferrer nofollow">Renowned CEO Reveals the Event That Could Bring Billions of Dollars to the Cryptocurrency Market: "Everyone Ignores But..."</a>
However, it is worth noting that most of these projects often lack real users or a strong community behind them. If an investor had a portfolio where they invested an equal amount into each new Binance listing, they would have experienced a decline of over 18% in the last six months.
This study highlights a worrying trend in the crypto market. Most of the time, tokens launched on Binance are no longer considered investment vehicles, having already been stripped of all their upside potential. Rather, they represent exit liquidity for insiders who take advantage of retail investors' lack of access to quality early investment opportunities.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/research-the-last-31-binance-listed-coins-analyzed-all-but-these-5-are-in-loss/" rel="noopener noreferrer nofollow">Research: The Last 31 Binance-Listed Coins Analyzed – All But These 5 Are in Loss</a>

Research: The Last 31 Binance-Listed Coins Analyzed – All But These 5 Are in Loss

Bitcoin Sistemi EN

在 2024年5月19日發表的其他文章

XRP Price Rebounds, Fueled by Whales Amid Cooling U.S. Inflation

Why Investors Are Rushing to This Memecoin

The Next Big Crypto Boom: Altcoins Ready to Explode

Weekly Market Review: LINK, FTM, BONK, FLOKI, JASMY

MoonBag Opens New Doors To Unparalleled 15,000x ROI! XRP-SEC Dispute Results In Price Decline! AA...

Bank of America Upgrades Coinbase Rating to Neutral, Raises Price Target to $217

訂閱免費電子報，每天收取加密貨幣最新動態！