Source: TheMerkle.com
According to HC Capital, a prominent crypto research platform, all newly listed tokens on Binance in 2024 have experienced significant declines from their all-time highs (ATH).
These tokens span diverse sectors, including GameFi, AI, Layer 2, and Layer 3 technologies.
The widespread downturn is attributed to several key factors:
1. Market Volatility: Initial hype and speculative trading often inflate prices, which later correct sharply.
2. Low Float: A limited supply of tokens
Read More https://themerkle.com/new-tokens-on-binance-see-sharp-declines-in-2024-reports-hc-capital/
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Source: TheMerkle.com
