The silent man
--
Bullish
#Before buying any new cryptocurrency immediately after its listing, or for those planning to buy STX, you should know the following:
Pros:
1. Opportunity for quick profits: Many cryptocurrencies experience a significant price increase within the first minutes or hours of listing due to high momentum.
2. High demand: The SXT project is backed by Chainlink and has been listed on Binance, indicating strong market confidence.
3. Media momentum and free distribution (Airdrop) may increase the coin's visibility and attract more investors.
Cons:
1. Severe price fluctuations: The price is often unstable at first and can rise sharply before suddenly collapsing (known as "Pump and Dump").
2. Selling by Airdrop recipients: Many users may sell their free tokens immediately, putting downward pressure on the price.
3. Unclear direction post-listing: The project may be strong, but the price does not always reflect that initially.
Advice:
If you are a short-term trader and experienced: You can enter with a small amount right after the listing and exit quickly if the price rises.
If you are a long-term investor: It's better to wait 24–72 hours after listing until the market calms down and true support levels become clear.
Pros:
1. Opportunity for quick profits: Many cryptocurrencies experience a significant price increase within the first minutes or hours of listing due to high momentum.
2. High demand: The SXT project is backed by Chainlink and has been listed on Binance, indicating strong market confidence.
3. Media momentum and free distribution (Airdrop) may increase the coin's visibility and attract more investors.
Cons:
1. Severe price fluctuations: The price is often unstable at first and can rise sharply before suddenly collapsing (known as "Pump and Dump").
2. Selling by Airdrop recipients: Many users may sell their free tokens immediately, putting downward pressure on the price.
3. Unclear direction post-listing: The project may be strong, but the price does not always reflect that initially.
Advice:
If you are a short-term trader and experienced: You can enter with a small amount right after the listing and exit quickly if the price rises.
If you are a long-term investor: It's better to wait 24–72 hours after listing until the market calms down and true support levels become clear.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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