๐ธ๏ธ A number of important factors usually occur that affect its price and movement, which can be summarized as follows:
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โ 1. Rapid increase in price (sometimes)
When the currency drops on a famous platform, demand for it suddenly increases due to:
Increasing number of traders able to buy it.
The excitement and speculation from investors.
The platform's announcement gives greater confidence in the currency.
โซ Result: In the first minutes or hours, the price can rise rapidly.
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โ ๏ธ 2. Very high price volatility
The price may rise first and then collapse quickly due to:
Large sell-off by early coin holders (or pre-launch investors).
Entrance of speculators aiming for quick profits only.
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๐ 3. Gradual opening of trading
Sometimes the platform only starts allowing deposits of the currency.
Then trading is opened after hours or days.
Then withdrawals are activated later.
โณ๏ธ This sequence aims to protect the platform from chaos and technical pressures.
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๐ 4. The price may drop after a while
If there is no strong support or real project behind the currency, the price may collapse after the first rise.
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๐ 5. Increased liquidity and trading volume
The drop in the currency on a large platform increases trading volume and liquidity.
It makes it easy for investors to buy and sell the currency easily.
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Practical example:
If a new coin is listed on a platform like Binance:
It may open at a price of $0.10
It jumps within minutes to $0.30
Then it drops within hours to $0.15 due to profit-taking.
