Market Analysis: Binance Listings Suffer as 80% Trade at a Loss
CryptoNewsTerminal Staff17 May, 2024
Market Analysis: Binance Listings Suffer as 80% Trade at a Loss
Rough Market Conditions Impact Binance Listings According to Cointelegraph, a staggering 80% of tokens listed on the prominent cryptocurrency exchange Binance in the past six months have traded at a loss since their initial listing. This observation highlights the current challenges faced by the crypto market and newly launched tokens. Anndy Lian, a blockchain expert, attributed the trend to the lack of momentum in the crypto markets. He believes these tokens may require significant time to experience price appreciation. The sustained bearish conditions present obstacles for investors seeking short-term gains, emphasizing the need for a long-term perspective and thorough research before making investment decisions.
