Binance Listed 30 New Tokens in 2024, But Most Are Failing Miserably: Coin98 Analytics
Aug 07, 2024 pm 09:35 PMSince the start of 2024, 30 tokens debuted on Binance, with most showing negative performance.
Analysis of new crypto tokens listed on Binance in 2024 reveals a challenging landscape, with most tokens experiencing declines in fully diluted valuations (FDV).
Coin98 Analytics, a crypto data and analysis firm, provided a comprehensive overview of this trend, highlighting the performance of 30 tokens listed on Binance since the beginning of 2024.
The analysis focused on the tokens’ FDV, a metric that represents the total value of a cryptocurrency if all its potential coins were fully diluted in the circulating supply.
The analysis showed that out of the 30 tokens, only four experienced gains in FDV, while 26 incurred losses ranging from 10% to 99%.
The worst-performing tokens, PORTAL and AEVO, suffered losses of over 89%.
Meanwhile, JUP, a token without backing from tier-one investors like Binance Labs, Polychain Capital, or Coinbase Ventures, managed to achieve a 21.2% increase in FDV.
The analysis also examined the performance of Initial Exchange Offerings (IEOs) on Binance Launchpad, a platform that has generated an average ROI of 1,148% for its IEOs since its launch in 2017.
Despite the platform’s success, recent token launches exhibited varying results.
Arkham, an NFT marketplace, achieved a 20.22x ROI with a market cap of $246.01 million, showcasing the potential for growth.
On the other hand, Hooked Protocol experienced a 2.86% drop in the past 24 hours, with a 3.65x ROI, highlighting the volatility of the market.
Furthermore, the analysis highlighted the varying impact of tier-one investor support on new crypto tokens.
While some tokens, like MANTA and RONIN, despite having such backing, saw declines, others, like JUP, which was not backed by tier-one investors, managed to achieve gains.
RONIN, which was backed by a16z and Paradigm, dropped 56.1% from an initial FDV of $3.3 billion to $1.45 billion.
In contrast, JUP, which was not backed by tier-one investors, saw its FDV increase from an initial $6 billion to $7.28 billion.
The above is the detailed content of Binance Listed 30 New Tokens in 2024, But Most Are Failing Miserably: Coin98 Analytics. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Identifying the trend of the main capital can significantly improve the quality of investment decisions. Its core value lies in trend prediction, support/pressure position verification and sector rotation precursor; 1. Track the net inflow direction, trading ratio imbalance and market price order cluster through large-scale transaction data; 2. Use the on-chain giant whale address to analyze position changes, exchange inflows and position costs; 3. Capture derivative market signals such as futures open contracts, long-short position ratios and liquidated risk zones; in actual combat, trends are confirmed according to the four-step method: technical resonance, exchange flow, derivative indicators and market sentiment extreme value; the main force often adopts a three-step harvesting strategy: sweeping and manufacturing FOMO, KOL collaboratively shouting orders, and short-selling backhand shorting; novices should take risk aversion actions: when the main force's net outflow exceeds $15 million, reduce positions by 50%, and large-scale selling orders

Ethereum is a decentralized application platform based on smart contracts, and its native token ETH can be obtained in a variety of ways. 1. Register an account through centralized platforms such as Binance and Ouyiok, complete KYC certification and purchase ETH with stablecoins; 2. Connect to digital storage through decentralized platforms, and directly exchange ETH with stablecoins or other tokens; 3. Participate in network pledge, and you can choose independent pledge (requires 32 ETH), liquid pledge services or one-click pledge on the centralized platform to obtain rewards; 4. Earn ETH by providing services to Web3 projects, completing tasks or obtaining airdrops. It is recommended that beginners start from mainstream centralized platforms, gradually transition to decentralized methods, and always attach importance to asset security and independent research, to

The recent surge of Ethereum price by more than 20% is mainly driven by four major factors: 1. The Cancun Upgrade is approaching, especially the "prototype data sharding" technology introduced by EIP-4844 will significantly reduce the transaction costs of Layer 2, improve network scalability, and attract investors to make advance arrangements; 2. The DeFi ecosystem continues to flourish, and the total value of locked positions (TVL) has grown steadily. New protocols such as liquid staking derivatives (LSD) and restaking (Restaking) have risen, increasing the rigid demand for ETH as a Gas fee and pledged assets; 3. The market has strong expectations for the approval of Ethereum spot ETF, believing that it will provide convenient channels for institutional investors, introduce a large amount of funds and enhance market confidence.

1. Ordinary users can purchase Ethereum through mainstream digital asset trading platforms such as Binance, Ouyi OK, HTX Huobi. The process includes registering an account, identity authentication, binding payment methods and trading through market or limit orders. The assets can be stored on the platform or transferred to personal money sacrificials; 2. Ethereum has no fixed issuance limit, with about 72 million initial issuance, and it is continuously issued through the PoS mechanism and the destruction mechanism is introduced due to EIP-1559, which may achieve deflation; 3. Before investing, you need to understand the risk of high volatility, enable two-factor verification to ensure account security, and learn asset custody methods such as hardware or software money sacrificials; 4. Ethereum is the core platform of decentralized applications, DeFi protocols and NFT ecosystems, supporting the operation of smart contracts and promoting digital asset rights confirmation and flow

First, select well-known platforms such as Binance Binance or Ouyi OKX, and prepare your email and mobile phone number; 1. Visit the official website of the platform and click to register, enter your email or mobile phone number and set a high-strength password; 2. Submit information after agreeing to the terms of service, and complete account activation through the email or mobile phone verification code; 3. Complete identity authentication (KYC) after logging in, enable secondary verification (2FA) and check security settings regularly to ensure account security. After completing the above steps, you can successfully create a BTC digital currency account.

In the digital currency market, real-time mastering of Bitcoin prices and transaction in-depth information is a must-have skill for every investor. Viewing accurate K-line charts and depth charts can help judge the power of buying and selling, capture market changes, and improve the scientific nature of investment decisions.

1. Choose a reputable trading platform; 2. Confirm currency and network type; 3. Check the official recharge address; 4. Ensure the network security environment; 5. Double check the head and tail characters of the address; 6. Confirm the amount and decimal points; 7. Pay attention to the minimum recharge amount; 8. Fill in necessary labels or notes; 9. Beware of clipboard hijacking; 10. Don’t trust the non-official channel address; 11. Test the small amount before large recharge; 12. Save the transaction ID for inquiry; 13. Wait patiently for network confirmation; 14. Contact customer service in time when the account is not arrived. To ensure the safety of digital currency recharge, the above steps must be strictly followed. From platform selection to information verification to risk prevention, every step needs to be carefully operated. Finally, through retaining vouchers and timely communication, the asset is securely received, and avoid negligence.

Binance provides bank transfers, credit cards, P2P and other methods to purchase USDT, USDC and other stablecoins, with fiat currency entrance and high security; 2. Ouyi OKX supports credit cards, bank cards and third-party payment to purchase stablecoins, and provides OTC and P2P transaction services; 3. Sesame Open Gate.io can purchase stablecoins through fiat currency channels and P2P transactions, supporting multiple fiat currency recharges and convenient operation; 4. Huobi provides fiat currency trading area and P2P market to purchase stablecoins, with strict risk control and high-quality customer service; 5. KuCoin supports credit cards and bank transfers to purchase stablecoins, with diverse P2P transactions and friendly interfaces; 6. Kraken supports ACH, SEPA and other bank transfer methods to purchase stablecoins, with high security