๐ Binance enhances user experience and adds powerful trading tools!
โจ Highlighted new feature:
Info page within the Binance app โ
๐ What does the Info page do?
It provides you with essential and important information about any cryptocurrency.
โ Data sourced from CoinMarketCap
โ Plus exclusive information gathered by Binance directly from the projects
๐ Two key indicators you need to know:
1๏ธโฃ Concentration Indicator โ Concentration
๐ธ Indicates the level of currency monopoly by whales or a limited number of wallets
๐ธ If it's close to 100 โก๏ธ High risk as dumping may occur suddenly
๐ธ If it's close to zero โก๏ธ Greater safety sign ๐
2๏ธโฃ Locked Addresses
๐ธ A list of wallets that are locked (Vesting)
๐ธ Often belonging to the team or early investors
๐ธ You can monitor their movements to know if a dump is on the way
๐ Summary:
With the new tools, it has become easier to understand the risks of cryptocurrencies before entering and to clearly monitor the movements of large wallets.
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