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Author Topic: Quick question after buying altcoins  (Read 53 times)
borisca (OP)
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March 11, 2024, 01:27:13 PM
 #1

 Hello

I purchased some DYOR token on pancakeswap, I swapped arouns 215$ to BTC to BNB
I sent the BNB to my metamask wallet, added the DYOR contract to metamask and I swapped around 200$ from BNB to DYOR (58498964.7 DYOR total)

In meteamask it shows 165$
In metamask browser (portofolio) it shows 76$
In coin marketcap, in DYOR to USD Converter it shows 200$

The contract in coinmarketcap/pancakeswap/metamask :

0x10051147418c42218986cedd0adc266441f8a14f
0x10051147418C42218986CeDD0aDC266441F8a14f
0x10051147418C42218986CeDD0aDC266441F8a14f

Contract seems to be case unsensitive

Why is there so much gap between the prices ? I did spend $200, I checked the fees and it's around a few cents so it's not from there. Triple checked the address contract, and it seems to be in order

Any ideas why ?


https://ibb.co/9Gx3DGV
https://ibb.co/yqQNYdF
https://ibb.co/n17r0PD
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March 11, 2024, 01:45:11 PM
 #2

Probably your metamask wallet on browser fetch data from a pair with low liquidity that recently trade for that price. Try to reset your metamask wallet and see if the price will update.

Metamask on browser usually have an error on market price if the token is relatively new and with low marketcap.

Btw is your concern is just the price inconsistency or you are afraid that the real coin value is the one with low amount? You should check the price impact when you purchased the token to make sure that you are not buying a token with low liquidity.

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March 11, 2024, 01:55:34 PM
 #3

Let's see your first picture.



58,498,835.4309 x $0.0000013 = 76,04848606017 (~$76.05).

That is, the first picture shows the correct value of your tokens.

I can make an assumption that the pictures were taken at different times when the exchange rate of your token changed in one direction or another.

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borisca (OP)
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March 11, 2024, 02:03:29 PM
 #4

Btw is your concern is just the price inconsistency or you are afraid that the real coin value is the one with low amount? You should check the price impact when you purchased the token to make sure that you are not buying a token with low liquidity.

My concern is the price inconsistency across different platform

how can I check the price impact ?

thanks Smiley
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March 11, 2024, 02:10:39 PM
Last edit: March 11, 2024, 02:23:23 PM by borisca
 #5

Let's see your first picture.


58,498,835.4309 x $0.0000013 = 76,04848606017 (~$76.05).

That is, the first picture shows the correct value of your tokens.

I can make an assumption that the pictures were taken at different times when the exchange rate of your token changed in one direction or another.

Picture were taken in the same minute

I noticed that prices are displayed with a different tag
on coinmarketcap the price for DYOR is $0.000003388
on metamask browser the price for DYOR is $0.0000013
my metamask wallet is showing the price of $0,00000279882 (163,70/58499459.8220)
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March 11, 2024, 06:13:20 PM
 #6

Yes it happens because they are have different dollar exchange or display rate. This also happened in binance and Remitano. Binance exchange or display rate is always higher than Remitano and Remitano exchange or display rate is higher than Busha and others so all depends on the app, exchange or the site you use.

meteamask app and metamask browser might have different prices because the exchange online is different from the app. The app is inflated price because it controlled by the app developers but the browser is for international so it is the normal price. Even when binance was operating in my country the price in binance app had a very big different from the browser why because the government can control the browsers price and not the app.

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March 11, 2024, 06:32:34 PM
 #7

Let's see your first picture.



58,498,835.4309 x $0.0000013 = 76,04848606017 (~$76.05).

That is, the first picture shows the correct value of your tokens.

I can make an assumption that the pictures were taken at different times when the exchange rate of your token changed in one direction or another.

Picture were taken in the same minute

I noticed that prices are displayed with a different tag
on coinmarketcap the price for DYOR is $0.000003388
on metamask browser the price for DYOR is $0.0000013
my metamask wallet is showing the price of $0,00000279882 (163,70/58499459.8220)

what's funny part is that there is no other exchange that adds this DYOR except the Pancake  Grin
there's Jupiter but it's paired with DYOR/SOL so it's not really relevant to your concern.

there is an obvious bull run though so it's normal to see some token prices go through extreme fluctuations. i can see this is yet not the ATH of this token if this is also your concern so maybe you could wait a little longer before selling.

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March 11, 2024, 08:53:55 PM
 #8

Sometimes dex gives less than the current number of tokens due to the high price impact. This usually happens to those LP that have very low liquidity. So a small buy and sell can impact the price so high that we get a very different amount of asset than we were supposed to get. So its advisable to always check the total amount of liquidity before starting to buy any token from the market. If that token is new and the team hasn't put in the liquidity yet, then in most cases, it can cause you financial loss when buying that asset.
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