Is it Worth It To Buy Tokens Pre Market on Whales Market?


 

Is it Worth It To Buy Tokens Pre Market on Whales Market?

 

I'm not a big fan of buying pre market, but let's analyze 2 tokens that launched today and their performances!

 

Today we had 2 launches:

 

The first one is $PRCL

 

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The average price pre launch was 0.86 USD per token, some people paid past a dollar per token and the token dump immediately after launch.

 

The second token that launched today was $SHARK and it went even worst.

 

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Pre market this token was selling between 1.72 and 1.99 USD. The token was just dumped by most people. Not a good start.

 

In both cases buying pre market was a very bad idea.

 

Another token that launched recently was $W and we all know how bad it performed lately.

Wormhole pre market was around 1.20 to 1.40 USD per token. Another loss for whoever bought pre market. Although I think this one will perform well in the near future.

 

Another bad one is $TNSR

Tensor pre market was between 1.94-2.82 USD per token.

 

So here we have 4 bad ones, that after launched just dumped badly. To be fair all of them launched in the last 2 weeks so they may gain back those values, but I'm writing this article to show you that sometimes being impatient to buy tokens pre market is not a good idea.

 

One good example of buying a token pre market is $JUP.

Pre market was selling around 0.68 USD per token, and for a month it didn't go well but after ranging in the 0.50 cents area, $JUP had a parabolic pump hitting ATH of 1.78 USD per token.

 

Other stories that didn't end well are: $BLOCK, $BBL, $SLN, $SQT.

Ended well (for now): $STRK, $ALT, $NGL (if you sold early), 

 

So you get the idea, most times buying tokens pre launch is not the greatest idea.

 

Most tokens dump after their launch, so if you are interested in a any new token, I would like to suggest you to wait a couple of days and wait for a good entry.

 

 

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Torero99
Torero99

Trying to explore the crypto world


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