ICOCalendar.Today

  • ICO Directory đź“–
  • ICT Token 🔥
  • Blockchain News đź—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project đź’Ł
  • Submit Press Release 👍
  • ICO Directory đź“–
  • ICT Token 🔥
  • Blockchain News đź—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project đź’Ł
  • Submit Press Release 👍

Why Initial Exchange Offering Crypto Tokens Are Reaching All-Time Lows

2/26/2020

Comments

 
During the start of last year, following the inception of the Binance Launchpad, IEO tokens, or initial exchange offering crypto tokens, became all the rage. They exploded onto the crypto scene with much hype, and rocketing values, and even helped each platform’s native exchange token thrive throughout the year. But after such an explosive debut, why are these altcoins reaching all-time lows? The Rise and Fall of the IEO Token In early 2019, the crypto market began to thaw out from its extended crypto winter, and many of the top assets in the industry began rallying. The rally was driven in part by Litecoin’s halving, oversold crypto assets rebounding after an extreme selloff, the Bitcoin safe haven narrative, and an explosion in interest surrounding initial exchange offerings and the platforms that provide them. Related Reading | Matic Dump Leads To Questions Over IEO Crypto Legitimacy  But eventually, Litecoin’s pre-halving rally was erased, Bitcoin topped out and reentered a downtrend, and since then, IEO tokens have been tracking their way towards zero. One of the most popular IEO tokens during the initial hype has now reached an all-time low. Binance $ONE / BTC All-Time Low 0.00000047 broken ? Trade here: https://t.co/NUEXNiWIVs pic.twitter.com/EYLqK5idtj — BagsyBot (@BagsyBot) February 26, 2020 But Why Are These Crypto Tokens Falling Even During Altcoin Season? But why? Why are these once-hyped tokens still grossly underperforming despite the recent cryptocurrency market revival, that has caused many top altcoins to explode by over 100%, doubling in value in less than two months? During the crypto hype bubble in 2017, much of the fever was driven not just by Bitcoin, but by Ethereum and the inital coin offering boom. New investors flocked to the emerging asset class hoping to make an early investment in a crypto project, hoping to strike it rich by discovering the next Bitcoin before it became widely adopted. Eventually, the SEC and other regulatory entities stepped in, causing the ICO boom to go bust, and the crypto bubble to burst. Related Reading | Former SEC Chief Calls IEOs “Unregulated Crypto-Casino Fundraising Mutations”  But demand for this sort of early investment remained high, and in 2019 Binance and other exchanges came up with the idea to launch tokens via their own platforms, with additional support form the exchange theoretically offering better investor protections than the traditional ICO. Initial exchange offerings became a hot commodity, with many of the launched platforms becoming among the most hyped altcoins of the bunch. But in no time at all, negativity began to surround this new breed of crypto. Matic, one of the most popular IEO tokens, was subject to a massive pump and dump that left investors badly burned. Now, other IEO tokens like Harmony One have reached all-time low prices, as investors begin to wonder if they promise they initially offered early investors will hold true in the future. And with regulatory uncertainty hanging over this unique category of altcoins, the negative sentiment surrounding them may not change for some time. Featured image from Shutterstock

Via https://www.newsbtc.com/2020/02/26/why-initial-exchange-offering-crypto-tokens-are-reaching-all-time-lows/
Comments

    Blockchain News

    Leading global blockchain news provider. A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography.
    BLOCKCHAIN NEWS

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017

    RSS Feed

​About

  • About us​
  • ICT Token
  • News​​
  • Testimonies
  • Terms of Service​​
  • ​​We on Google News​ 🤑
  • ​We in the media
  • ​Partners

Let's connect!

News Feeds

  • Blockchain News
  • Jobs Board 👨‍🎓
  • Bitcoin News
  • Ethereum News
  • Binance News
  • ​Tron News
  • Cardano News
  • EOS News
  • Tezos News
  • Stock Markets
  • COVID-19 News
  • Crypto News
  • Chainlink News
  • Litecoin News
  • Dash News
  • Monero News
  • ETC News
  • NEO News
  • Maker News
  • DeFi News
  • ZCash News
  • Algorand News
© 2017-2020 ICOCalendar.Today. All Rights Reserved.