The meme-ification of the new generation of tokens has made it even more difficult to predict their price fluctuations. So, what impact does listing on exchanges have on tokens and memecoins?
Since the frenzy of tokens began last month, major exchanges have been continuously listing new tokens, leading to an unprecedented trading volume in the token market. Within this hype, two different trading philosophies have emerged: one is unwilling to miss out on any new token and tries various methods to acquire them in the primary market, either through manual trading or scripting, and then sells them off in the secondary market or after listing on exchanges; the other is not interested in manual token trading and prefers to buy in the secondary market after listing on exchanges, hoping to capitalize on the post-listing growth.
It is important to note that the price trends and real-time prices of tokens on different exchanges are not entirely the same, and the meme-ification of the new generation of tokens has made it even more difficult to predict their price fluctuations. So, what impact does listing on exchanges have on tokens and memecoins? Is it a signal of a new round of price increase, or a prelude to a massive sell-off? From the perspective of small and medium-sized investors, does listing on exchanges still provide room for price growth, apart from participating in the primary market?
We have analyzed the impact of listing on the price trends of several popular tokens and assets from the previous round.
Biis:
According to data from Coinmarketcap, the 24-hour trading volume of Biis is not very high at the moment. KuCoin ranks first with a trading volume of approximately $430,000, followed by XT.com and OKX. In this order, the listing on the exchange with the highest trading volume seems to represent the peak price of Biis.
OKX listed Biis earlier, and KuCoin listed it on December 20th (XT.com listed it on the 21st). The highest price point occurred approximately 2 hours after listing, followed by a continuous decline. There was a certain increase on the 25th, followed by a decline to around $0.038.
For Biis, there is very little space to profit from the secondary market, as the listing on the exchange with the highest trading volume represents selling pressure. However, if one can buy early from OKX, there is still room for growth.
BRC20:
Looking at the 24-hour trading volume on BRC20.com, MEXC has the highest volume, followed by HTX, XT.com, and Bitget. MEXC was also the first exchange to list BRC20.com on December 14th. It went through a complete cycle from rise to fall, reaching its highest price of $7.2 on December 19th and is now trading at $3.397.
Bitget listed on the same day as the highest price point, December 19th, and XT.com listed on the 20th. Subsequently, there was a relatively gradual decline in prices. HTX listed on the 27th, and its price trend has become relatively stable.
For BRC20, there is still a considerable profit space if one can follow the first wave of listing on exchanges. However, once major exchanges catch up, prices start to decline from their peak.
BNSX:
In terms of trading volume, Gate.io ranks first for BNSX, followed by BitMart and AscendEX. These three exchanges listed BNSX almost simultaneously, with Gate and BitMart listing on December 18th, and AscendEX listing later that day. As a result, their price trends have been almost the same: prices rose steadily after listing and reached a peak of approximately $2.49 on December 19th, followed by a continuous decline.
For BNSX, there is not much profit space after listing on major exchanges. If one can enter the market on the same day, there is still some profit potential, but after the 19th, there is a slightly volatile downward trend.
MMSS:
For the token MMSS, the exchanges with the highest trading volume are BitMart, LBank, Bitget, and Gate.io. BitMart was the first to list MMSS on December 7th, followed by LBank on the 19th, Bitget on the 20th, and Gate.io on the 27th. From the listing on BitMart, there was a long period of profit potential, with the price reaching its peak around the 16th and then experiencing a pullback. Another small peak was reached on the 27th.
In other words, if one can buy early from the first exchange to list, there is still a significant profit potential from the subsequent listing frenzy brought by other exchanges.
Mice:
For the leading token Mice, the exchanges with the highest trading volume are Gate, OrangeX, Bitget, and BitMart. Gate listed on the 16th, Bitget on the 18th, BitMart on the 18th, and OrangeX on the 18th. There were three peaks after listing, on the 19th, 21st, and 25th.
For leading tokens like Mice, a consensus has been formed, and the price trend is more similar to traditional memecoins rather than projects with only one round of price increase and decrease. Therefore, the significance of listing on exchanges for price is limited, and there are still several arbitrage opportunities after listing.
For non-leading tokens, listing on exchanges does not bring many advantages. From the above examples, it can be observed that the frenzy of listing on exchanges by major trading volume exchanges usually coincides with the price peak, which may only be a few hours or a day apart. It is necessary to have a long-term strategic vision, either by positioning early in the exchange that lists first or participating in the primary market. If one notices a token relatively late and after it has been listed on major exchanges, the profit potential from buying in the secondary market is limited, and there may be stable fluctuations or declines afterward.
For both leading and non-leading tokens, the impact of listing on exchanges on price fluctuations is limited. Investors should focus more on market dynamics, the influence of exchanges, and overall market consensus. It is necessary to conduct in-depth research and analysis of various factors. At the same time, investors should be aware that market uncertainty exists for both leading and non-leading tokens, so it is crucial to evaluate risks and potential returns cautiously.