Crypto_lion
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NEW MEDICINE:Faster, Safer, Smarter
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February 29, 2020, 11:13:44 AM |
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Coins listed on Binance through the community coin vote show a price decrease of an average 24% after 7 days https://xangle.io/project/MBL/disclosures/5e53368aaa40c06ddf417e9fCoins listed on Binance through the community coin vote had the highest earnings on the day of the announcement – after listing, token prices showed a tendency to decline. This shows the ‘Sell on News’ effect where price increases before official announcement and decreases after. This analysis was conducted to investigate the effect of voting on listing, which is becoming a trend among exchanges. According to crypto disclosure platform Xangle, MovieBloc announced that it was listed on Binance after a coin vote on the 21st. Six days after the listing, Moviebloc was down 41%. Six coins, NKN, ARPA, CTXC, VITE, DREP, and MovieBloc, have been successfully listed on Binance through the coin vote. The average price increase rate of the six coins on the day of the voting announcement was 60.08% higher compared to 24 hours ago. On the day of listing, the price fell 7.45%; after 7 days, it decreased by 24.07%. NKN was the only coin that showed a price increase. That's not a encouraging statistics to look at on the outside . But the positive side is that atleast coins are getting listed in the exchange so that investor in the projects can get out with a bit of money if they want instead of getting locked for a long time and the project eventually running out of funds. |
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Zidan Bst
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February 29, 2020, 11:34:21 AM |
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Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.
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strunberg
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February 29, 2020, 01:22:08 PM |
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Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.
that's more precise, if there is a good rumor market will give positive respon by buying coin although finally the fact unlike this rumor. buying on rumor and sell on fact be basic rules for every traders. fomo and hype be the reason why price increase if they see project will listed in binance community vote |
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CaVO32
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February 29, 2020, 01:30:49 PM |
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Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.
that's more precise, if there is a good rumor market will give positive respon by buying coin although finally the fact unlike this rumor. buying on rumor and sell on fact be basic rules for every traders. fomo and hype be the reason why price increase if they see project will listed in binance community vote and most of the time, the vote is coming from those holders. so once their bet got listed, they can easily dump the coin without considering of anything. because the main reason why they wanted it listed is to discard it as soon as possible. and also, since they don't spend resources, it is easy for them to see the project fall. this case doesn't happen not only in Binance but other exchanges that are holding free community voting. so really not an isolated case for BNB |
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Kunnu
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Activity: 1204
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February 29, 2020, 02:16:21 PM |
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I think If a coin/token is listed on binance through voting then we may expect positive results of these coins/tokens because it shows us a clear sign of reliability after all the thinking of crypto community really matters that's why I believe voting procedure is absolutely a nice way and it's really good to see that some big cryptocurrency exchanges are adopting voting procedure.
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tulpe123
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Activity: 91
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February 29, 2020, 02:29:10 PM |
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Binance lisitng effect is working but not for a long time
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Divinespark
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February 29, 2020, 03:45:48 PM |
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We should buy according to rumors and sell by news. So when the token is listed at the exchange, the price will definitely decrease, which is the rule of this market. I have seen a lot of cases like this so be flexible when you have any positive news for altcoin
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letyouearn
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Activity: 1722
Merit: 1014
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February 29, 2020, 10:44:20 PM |
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Yeah, same picture everywhere. It's time to analyse all this situations and make some conclusions. Each coin is just a manipulation instrument - no matter what the idea of the projects is.
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swivel1983@gmail.com
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Activity: 645
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February 29, 2020, 11:25:15 PM |
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Yes, public discussions of the coin play a big role. But then everyone wants to make a profit and start selling it when it is at its peak. Hence the decrease in its cost.
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Twinkledoe
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★Bitvest.io★ Play Plinko or Invest!
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February 29, 2020, 11:37:05 PM |
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Yeah, same picture everywhere. It's time to analyse all this situations and make some conclusions. Each coin is just a manipulation instrument - no matter what the idea of the projects is.
This alarming situation is not only happening in Binance. Same with other exchanges that are holding IEO programs. And I think, they are far worse than BNB. And yes, maybe it is time to stop these IEO launch pads. We are suffering the same experience as ICOs. I don't know what's the next name for crowdsourcing. But blockchain projects should have tangible and working product before they even think of collecting money from the community. We are all tired of hearing promises and empty roadmap. |
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Botnake
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February 29, 2020, 11:42:30 PM |
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I am not aware of the clear picture of all the coins listed, but based on what I notice, when PundiX was listed in Binance through community voting, it dump really hard and it seems like it will die in Binance. IIRC, I read an article before that Binance is responsible for pumping the coin listed that pays them so the hype started and big traders followed the hype, for free, there is no money involved so Binance can't help that.
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fuer44
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February 29, 2020, 11:44:20 PM |
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indeed it cannot be a 100% guarantee, but at least the results of the voting show that the community knows that tokens will have good prospects at exchangers such as binance. although in the end the price will go down, it's natural because the sales volume will certainly be higher than the purchase after the token on the listing. but it is better than listing to exchangers who are not well known and even rarely used by people in general and eventually coins or tokens will really die.
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Kotone
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March 01, 2020, 06:21:52 AM |
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Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.
That's not true I think. Even paid or free coin price will depend on its traders and investors. On the other hand, fundamental analysis also become a sort of a trend now, while everybody causing a panic heart attack when some coins just dump fast is really a sign of high manipulation on the market. Anyway that's how it is. |
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tiang_tower
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March 01, 2020, 09:27:42 AM |
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Binance lisitng effect is working but not for a long time
I think it's a natural thing, because all coins have also experienced price declines, so don't assume that if you are already listed in the exchange binance, the coins will always increase, because supply and demand in the market always happens and it's not always the same, and the goals from the vote it is for listed only not to make the price of coins go up. |
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pakhitheboss
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March 01, 2020, 09:52:29 AM |
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Coins listed on Binance through the community coin vote show a price decrease of an average 24% after 7 days https://xangle.io/project/MBL/disclosures/5e53368aaa40c06ddf417e9fCoins listed on Binance through the community coin vote had the highest earnings on the day of the announcement – after listing, token prices showed a tendency to decline. This shows the ‘Sell on News’ effect where price increases before official announcement and decreases after. This analysis was conducted to investigate the effect of voting on listing, which is becoming a trend among exchanges. According to crypto disclosure platform Xangle, MovieBloc announced that it was listed on Binance after a coin vote on the 21st. Six days after the listing, Moviebloc was down 41%. Six coins, NKN, ARPA, CTXC, VITE, DREP, and MovieBloc, have been successfully listed on Binance through the coin vote. The average price increase rate of the six coins on the day of the voting announcement was 60.08% higher compared to 24 hours ago. On the day of listing, the price fell 7.45%; after 7 days, it decreased by 24.07%. NKN was the only coin that showed a price increase. Most of these coins were launched using the Binance Launchpad platform. Most of them did not even achieve the set funds and shortly afterwards were listed on the exchange, which eventually led to there decline. The hype is over now.. |
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CryptoTech_
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Official Street Team member
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March 01, 2020, 10:03:56 AM |
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Maybe the price can easy to dump because the project don’t pay to get listed on there.
Based on the fact, As a Trader want to get profit can Buy on rumors and sell on news. This is one of the fundamental Analys.
Not pay ? Then do you think if he pays the price will always be good ? No. It all depends on the project itself, there are also tokens that are listed in binance without paying a penny but the price is good. For example: OGN, didn't pay the listing fee but the price is good so far |
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patz22
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March 01, 2020, 11:57:45 AM |
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I believe that most tokens or coins who got listed in binance for free have that struggle of dump that is because it is voted by the community and this community mostly are from participants of their bounty or airdrop in which they would be selling it once it got listed and I am not saying all but there are only few who will hold it
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TheClownSong
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solidtradebank.com | 5%-15% Welcome Bonus
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March 01, 2020, 12:53:16 PM |
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I think If a coin/token is listed on binance through voting then we may expect positive results of these coins/tokens because it shows us a clear sign of reliability after all the thinking of crypto community really matters that's why I believe voting procedure is absolutely a nice way and it's really good to see that some big cryptocurrency exchanges are adopting voting procedure.
Voting is a popular way of exchanging coins and having a large community. Exchangers certainly hope the transaction value will increase and also the number of members will increase and with the voting campaign, I think this is an effective way to achieve that goal |
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mdzahed134
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Merit: 259
Vave.com - Crypto Casino
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March 01, 2020, 01:31:24 PM |
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I know about MBL coin and i think we shouldn’t expect too much from all of those are getting free listing by vote you mentioned a lot of tokens. MBL never deserved to list most biggest exchange Binance even if they will go list way of paid. Those hype coins are profitable for short term trading.
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Yudhisthir
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March 01, 2020, 01:49:14 PM |
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If you look at the price, both of VIDT and MovieBloc coin have a sharp growth after their announcement as the two option for community voting. Both of them went through a correction but still their price lies twice more than they were before the announcement. Similarly the prices would increase when the coin would win the voting and remain high until it gets listed on binance. And after that listing, people would be looking to tap their profit, which would bring their prices down. But be sure they are much more higher than what the price were before the announcement.
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