Information that can be helpful to many of us who are starting.
Saenzx
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As $BERA This is what you should do when a new token is launched on the exchange
1- Find out if there was an ICO (initial sale) of the coin. If there was, what was the sale price? Or find out if they raised funds.
2- What will be the total supply of the coin and how much is in circulation at the time of launch?
3- What sector of technology are they focusing on? Is it AI, ecosystem, layer 1 or 2, or any other crypto narrative? Berachain is an L1 identical to EVM that uses a liquidity proof mechanism (PoL).
4 - Once you have all the information, wait and observe at what price the coin is launched. Compare the difference between the ICO price and the launch price.
5- What is the market capitalization of the coin at the time of launch? If it is too high, it is not worth buying at the time of launch. It is most likely to launch at higher prices and people who obtained the presale or free launches will rush to take their money out.
6- Make sure the price is not too high compared to the ICO price and that the market capitalization is below 500 million dollars. Even 500 million dollars is more, but a higher price will imply greater risk.
7. Find out if it is a new coin or if it is already traded on other exchanges.
8. Find out if there was a free airdrop of this token. As far as I know, Bera tokens were shared as a free airdrop for their community and were also shared with BNB Hodlers.
Once you know all these details, ask yourself: should I buy this coin right after its launch or not?
My personal suggestion for you: do not even buy a coin right after its launch. - Watch the price action for a few hours. - Let the coin build a base price. Make your decisions.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.