$MIRA If you know you know. Every new coin hitting the market even an alpha token has two likely directions but whichever happens the flactuations are usually very high during the first 24 hrs. #BinanceHODLerAirdrop If the coin has no hype probably not many people know of its launch when it finally goes live for trading the holders of its airdrops sell alot and this causes downward trend.

But there's a new trend some tokens are locking airdrops and releasing them to airdrop holders at a strategic pase. If this is an Alpha token then the ones with the chance to sell are the ones who claim them on #ALPHA events. The claim happens spread over hours and this stops the quick dump of most of the tokens. This is how you know you have hit gold, if the coin is well hyped when trading opens alot of people come in to buy and the price shoots like a helium balloon on a hot day this is how we see +1000% at times like in the case of $XPL and many others. Now there is a problem you find people complainingof losses, the problem isn't the token the problem is the people in its market come in with the mindset to buy when it launches some want to buy when they are sure it is rising, some only buy when it has already made a significant rise expecting it will continue to do so. Now the problem with the last method is that very huge investors and holders will have bought already and these coming in later are the reason the charts go green for minutes because purchases are coming in fast. Eventually the previous buyers some realize 200% incr some 100% then the ones who joined the climb realize 80%,20% or even less. But because they are human beings eventually they decide that the coin has reached resistance and they start dumping, the numbers are too high the coin sometimes falls to initial prices and stays there. It may rise again in the future even in a weeks time and in months even go beyond.