PORTAL Coin Listing on Binance, Here's What You Should Do Before Buying It

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Bittime - The launch of a new token in this case Portal Coin on an exchange like Binance often triggers a stir. However, it is important to be careful and gather information before making an investment decision. Here are some important points to consider:

Also Read Gaming Portal (PORTAL): Gateway to the Evolution of Blockchain Gaming

Token Research

• Pre-sale details: Check whether the token had an Initial Coin Offering (ICO) and what the sale price was. This helps compare launch prices and identify potential price differences.
• Number of tokens in circulation: Understand the total token supply and number in circulation at launch. This helps gauge potential inflation and market saturation.
• Project focus: Identify the project's main focus area in the crypto space, such as AI, gaming, or a specific blockchain layer. It helps you determine an investment strategy based on your interest in a particular sector.

Also Read How To Buy Crypto:

Launch Analysis

• Launch price: Observe the launch price and compare it with the ICO price (if applicable). A significant gap can indicate potential overvaluation.
• Market capitalization: Evaluate market capitalization at launch. A high market cap at launch may indicate inflated prices, making direct purchases less attractive. This could be an opportunity for those who bought at a lower price (pre-sale or airdrop) to sell quickly for a profit.
• Price comparison with ICO and market cap limits: Consider buying when the launch price is not much higher than the ICO price (if applicable) and the market cap is below $500 million. This is an arbitrary indicator, and further research is needed.
• Trading history: Determine whether the token is completely new or has already been traded on another exchange. This can help assess the existing market presence and its potential volatility.
• Airdrop history: Investigate whether there was a free airdrop for the token. This can attract short-term investors looking to sell their “free” tokens, potentially affecting the immediate price.

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Make the Right Decision

Once you have a comprehensive understanding of these factors, carefully consider whether to make an immediate purchase. 

Here are general recommendations:

• Wait and observe: Monitor price movements for several hours, allowing the token to build a price floor. This helps identify potential buying opportunities once the initial volatility subsides.

Remember, this is not financial advice. Always do thorough research, understand the risks involved, and only invest funds you can afford to lose.

How to Buy Crypto from Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Read Also

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.