cityhunter (cityhunter001)

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EXCHANGE – A platform where you can buy, sell, and trade cryptocurrencies (e.g., Binance, Coinbase). 7. GAS FEES – Transaction fees you pay to use a blockchain network (especially on Ethereum). 8. FIAT – Traditional government-issued money like USD, EUR, or NGN (used to buy crypto). 9. DEFI (Decentralized Finance) – Financial services (like lending, borrowing, trading) built on blockchain without banks. 10. NFT (Non-Fungible Token) – A unique digital asset (like art, music, or collectibles) stored on a blockchain.

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2 empty heads are not better than this one oo 😂

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🚨Clearing Up a Common Misconception About New Crypto Listings When a new cryptocurrency like $WLFI launches on an exchange like Binance, you might see something like “$WLFI is up 54%!” and get excited. But there’s a big misunderstanding about what these numbers mean. Let’s break it down in a simple, human-friendly way so you can understand what’s really going on. Many people see a percentage gain (e.g., “up 54%”) and think: “Wow, someone bought $WLFI at $0.20 and it’s now $0.4780!” Or, “Someone sold at that low price and missed out!” This is NOT true. Nobody bought or sold at those prices when trading started. Those numbers are often just reference points set by the exchange before trading begins. Let’s explain how it works. How Exchanges Like Binance List a New Coin When a new coin is listed, exchanges like Binance provide three key prices before trading officially starts: Opening Price: The price at which trading begins (e.g., $0.29 for $WLFI).

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