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Thing about announcement like this one is that the correction normally kick in immediately after the surge See chart https://www.coingecko.com/en/coins/zcash h

Thing about announcement like this one is that the correction normally kick in immediately after the surge See chart https://www.coingecko.com/en/coins/zcash https://www.coingecko.com/en/coins/zcash https://www.coingecko.com/en/coins/0x https://www.coingecko.com/en/coins/0x https://www.coingecko.com/en/coins/basic-attention-token https://www.coingecko.com/en/coins/basic-attention-token When prominent exchange like binance list coin it follows a complete dump.

brendyn 8y ago
I did a little bit of research on what happens to coins when they are listed on Binance, which you can see here: https://paste.debian.net/?show=1033668;lines=0 https://paste.debian.net/?show=1033668;lines=0 Roughly, coins would spike hard, then correct somewhat, but still generally be up heaps. I was shocked at how consistently coins would spike upon or days/weeks before being listed on Binance, so when NANO (then Raiblocks) was known to be soon listed, I traded some BTC for it and sure enough it spiked some 30% or so and I made a little bit off it. It was the only time I made money off crypto from an actual legitimate prediction based on evidence. The market seemed to just be scoffing at the idea of caring to be efficient (Weird-sounding finance vocabulary that basically means the price is already in equilibrium due to investors "already knowing" such obvious information, and traded with respect to it such that you still can't tell if the price is going to go up or down)