![Crypto Remittances to El Salvador Dropped Percent in Early](https://todaysgist.com/wp-content/uploads/2023/04/Crypto-Remittances-to-El-Salvador-Dropped-18-Percent-in-Early.jpg)
New Crypto Prices Tend To Rise Drastically, Analysts Warn Beware
Follow Us @
New Crypto Prices Tend To Rise Drastically, Analysts Warn Beware
Liputan6.com, Jakarta The emergence of a new meme coin, PEPE Coin has been in the spotlight for the past few weeks as its price and market cap are growing rapidly.
Seeing the phenomenon of launching a new coin, Ajaib Kripto Financial Expert, Panji Yudha called on investors to remain cautious. According to Panji, newly emerging coins have high volatility compared to other more popular cryptocurrencies.
“New coins will decrease in price when they are listed on major exchanges. The new coin will initially be listed on a highly volatile Decentralized Exchange (DEX). At DEX, many people are more speculative,” explained Panji in the Ajaib Kripto webinar, Friday (19/5/2023).
Panji added that when there was news that the new coin would be listed on a major exchange, the price immediately dropped. This is what needs to be considered and be careful for those who want to trade new crypto coins.
Why Prices Can Drop Drastically?
Panji said that one of the reasons why the price of a new coin dropped drastically when it was listed on a large exchange was because traders started taking profits when the coin was listed on a large exchange.
“It’s easier to take profit on large exchanges and money can easily enter a trader’s bank account, unlike DEX, where the process of taking profit and withdrawing money is more complicated,” continued Panji.
New Crypto Prices Tend To Rise Drastically, Analysts Warn Beware
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
#Crypto #Prices #Tend #Rise #Drastically #Analysts #Warn #Beware
-
usa today entertainment3 months ago
Red Eye (TV series 2024) Download Mp4 ▷ Todaysgist
-
Marketing & Adverts3 months ago
What the Law of Low Conversion Rate teaches us about Marketing
-
usa today entertainment3 months ago
Luxe Listings Toronto (TV series) Download Mp4 ▷ Todaysgist
-
Cryptocurrency3 months ago
Perpetrator Laundering Money Using Crypto Worth IDR 3.7 Trillion Caught in Hong Kong
-
usa today entertainment3 months ago
HYBE Confirms There Was an Attempted Rebellion at ADOR, Says Gibah Min Hee Jin with Other Agency Officials
-
Sports3 months ago
The schedule for the rematch against Udinese is not favorable for AS Roma
-
usa today entertainment3 months ago
MasterChef Junior (TV series) Download Mp4 ▷ Todaysgist
-
usa today entertainment3 months ago
Brigands The Quest For Gold (2024) (Italian) (TV series) Download Mp4 ▷ Todaysgist