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Binance Alpha has just introduced a new rule that changes how we farm Alpha Points.
This means KOGE is no longer eligible for x4 Alpha volume, even if you swap into it. From now on, only fresh new coins with the Alpha x4 or x2 logo qualify. Examples such as STAR, MCH, MTP, WOD, XPIN, BOOST, BAS, SLAY, AKE, and many more coins with x4 are eligible.
On paper, the new rule sounds exciting. But here is the issue. These new coins are often extremely volatile.
I have seen what can happen when things go wrong. In fact, I once lost nearly RM1,000 in the ZKJ crash (read my story here). That is the kind of risk you face when chasing x4 multipliers now.
The old stable grind with KOGE is gone. From now on, Alpha farming is about timing new coins within their first 30 days.
From my own experience, I traded the Moonchain coin (MCH), which went live 8 days ago. Each trade cost me around $0.50 USD, and after the x4 Alpha trading volume boost, it counted as over $9,000 in volume.
Note** The most important thing to note is that if the market is volatile, like with the Multiple Network coin (MTP), you should avoid trading when the chart is swinging too wildly. Otherwise, you could lose a lot of money in a single trade.
You can also check your daily trading volume under Alpha Events to see how many points you might earn. Just note that the actual data is only updated the next day at 2 PM, as shown in the image below.
But remember, x4 points also means higher volatility. Stay cautious and never risk more than you can afford to lose.