In 2024, a research company listed the performances of 28 altcoins on Binance, all of which experienced a significant decline. New altcoins listed on Binance in 2024 have seen a sharp decrease from their all-time highs, according to cryptocurrency research firm HC Capital.
As Binance, the world’s largest cryptocurrency exchange, continues to add altcoins and launch polls, investors are exploring potential altcoins that may be listed on the platform. The prices of altcoins listed on Binance futures or spot transactions often soar, resulting in substantial gains for investors.
However, despite the initial surge in value after being listed on Binance, altcoins tend to experience steep declines. HC Capital’s research reveals that all new tokens listed on Binance in 2024 have witnessed a sharp drop from their all-time highs.
According to HC Capital’s list, tokens such as AEVO, PORTAL, STRK, SAGA, and DYM have fallen by over 80%, while AXL, MANTA, OMNI, PYTH, PIXEL, TNSR, and ALT have dropped by more than 70%. Additionally, AI, BOME, WIF, XAI, JUP, METIS, REZ, and ETHFI have seen declines of over 60%, and TAO, ENA, and Bounce Bit (BB) have dropped by more than 50%.
The reasons cited for the decline in token prices include market volatility, initial excitement and speculation, limited supply causing price fluctuations, and overvaluation leading to corrections. It is important to note that this information is not investment advice.
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