$INIT gave a good jump and it seems that those people from the community who saw potential in this coin were not mistaken.
It is quite possible that this token will be pumped further, and in the case of a stable or even rising market, the price could reach $2 and even $3 already this weekend and during the next week.
However, with new tokens, one must be very cautious because they are very volatile, especially right after listing. This also happens because a new token has a very high trading volume and can at any moment be either overbought or oversold, which will lead to either a sharp drop or rise, and thus can significantly affect both shorts and longs. 😬
And it should also be said that new coins completely lack technical analysis and have very weak fundamental analysis, as there is little information and it is often unverified.
So be careful, Dear Friends!!!
Subscribe, comment, like!!! 😼
It is quite possible that this token will be pumped further, and in the case of a stable or even rising market, the price could reach $2 and even $3 already this weekend and during the next week.
However, with new tokens, one must be very cautious because they are very volatile, especially right after listing. This also happens because a new token has a very high trading volume and can at any moment be either overbought or oversold, which will lead to either a sharp drop or rise, and thus can significantly affect both shorts and longs. 😬
And it should also be said that new coins completely lack technical analysis and have very weak fundamental analysis, as there is little information and it is often unverified.
So be careful, Dear Friends!!!
Subscribe, comment, like!!! 😼
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INIT
0.9268
+11.74%
