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Do Shiba Inu, exchange listings, and price pumps make a perfect triangle
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Being listed on an exchange is usually considered to be a momentous occasion for people associated with the underlying project and the ones interested in it. Post listings, in most cases, the valuation of assets tend to increase.
Well, as far as the traditional markets are concerned, the masses usually subscribe to IPOs to clock-in listing day gains. Within a few hours after the listing, they end up selling their stock and relish their quickly minted short-term gains. Even though other factors like the risk appetite and investment objectives have a say, the aforementioned ‘sell post listing’ behavior has sort of already become a tradition now.
Just like how every coin has two sides, there are a host of cons of investing with the objective to
Read more on ambcrypto.comAbout this in other media
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Top cryptocurrency prices today: Polkadot, Binance Coin soar 17%; Shiba Inu tanks 4% economictimes.indiatimes.com /3 years ago
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