Bitcoin Forum

Hi,

WAN was listed on binance today - right now, its price is 14x since ICO ($0.34).

Can someone tell me how is it possible that Binance started to offer this coin for $10??? How they got this price? I dont understand it....it failed to $4.6 right now but still, this is 14x since ICO!!!

If the participants of the pre-sale immediately after the coin enters the exchange will start selling it immediately, trying to make a profit and at the same time other investors will not start buying it, the price will go down. At the same time, if the project is interesting to investors, has great prospects, the price of coins after listing on the stock exchange immediately or after a small amount of time begins to grow. Which is what happened in your case.

WAN is a project of a distributed "bank", which involves the creation of an entire financial network in which participants will be able to lend to each other, exchange assets, etc. At the beginning of April, Wanchain should be engulfed on several Asian exchanges, so I expect good growth.

I would argue that the price is influenced by market demand, like a company that makes a 10 dollar price on the market, and then traders follow that price, all with the technique to make the token price more expensive. all that is economic business politics.

many causes of the increase.
but sometimes only briefly.
whether you can provide some criteria on why WAN can be fantastic

Wanchain is a technology platform that aims to increase the usability of blockchain for financial applications. The company launches cross-blockchain protocols that allow you to create complex applications-based on multiple chains