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The chart above highlights the top performing IEO coins that were listed on the exchanges like an ICO but using an exchange instead. I had to look that part up as didn't know Initial Exchange Offerings were a thing. I haven't been paying much attention obviously as all my efforts have been in Hive and Leo over the last 3 years.
The problem is you get so caught up what is going on and the Leofinance team don't make life any easier with all their announcements. Have to blame someone for missing out elsewhere lol. The truth is you can't be everywhere and just knowing other things are happening is also good to know.
Funny enough there is only one of these names I have heard of and that is #ONE which has gone from less than $0.005 to over $0.18c just this year. Who said there aren't coins doing 2000 or 4000% anymore. Hard to find I know, but they are still out there which is good news. $100 invested in January would have you sitting on a pile of 20 000 One coins and who knows where that is heading.
I thought I would grab one or two out as knowing what they are is information trying to understand why these launches have been so successful. These are random grabs as honestly never heard of them before. What is common among all of them I noticed that over the last 6 months huge development has taken place and the price has gone up accordingly. Development in the right areas definitely equals value it seems.
Token Offering Date May 2019
Price $0.003
Todays Price $0.19
Harmony (ONE) is a fast and secure blockchain for decentralized applications. Harmony's main focus is on achieving scalability by dividing not only the network nodes but also the blockchain states into shards, "scaling linearly in all three aspects of machines, transactions and storage".
Was looking for a sudden reason for the price to suddenly start going up and can't see anything obvious. Investors see value and that is that.
Token Offering Date August 13th 2020
Price $0.008
Todays Price $0.82c
Sand is known as the sandbox where players can dive into a digital gaming world developing, building, playing and monetizing assets through NFT's. Sand is built on the Ethereum blockchain and therefore is an ERC20 token. They have their own market place where NFT's are uploaded and sold. SAND can be earned through just playing games plus staking and earning rewards.
Sand has a partnership with ATARI which I am sure we all know and was trying to work out why know is the price booming. This year they have launched a Foundation DAO with SAND staking. There is also games being released on smartphones and tablets.
Token Offering Date March 19th 2019
Price $0.0067
Todays Price $0.09c
Celer Network is a layer 2.0 platform that allows for fast transactions off chain plus smart contracts. They have a current user base of 3300 so still generally small. They have however partnered with Chainlink and possibly why the price has been climbing.
Lets find one more AXS - no that is a pokemon related game apparently and just can't fathom that stuff even though it is over $6.69.
Token offering Date October 2019
Price $0.46
Todays Price $6.30
Kava is a cross-chain DeFi platform offering collateralized loans and stablecoins to users of major crypto assets, including BTC, XRP, BNB, ATOM, and others. Users can collateralize their crypto assets in exchange for USDX, Kava's stablecoin.
In other words another DeFI project and most things DeFi have done well this year.
when I went through the list I thought 99% would be DeFi coins as many of the new names we see around doing well are. I never in my life thought there would be things like pancakeswap and sushiswap around.
I for one will be searching over the weeks ahead to try and unearth something that has no value and is more of a gamble than an investment as most of these things are right in the beginning. every project has to start somewhere and getting in below 1c seems like a bargain to me. Last week I experimented with #HOT and that is up 250% already.
I see coins like Hive,Leo and Cub as bankers as deep down I know they will do well given time to develop. Staying up to date scanning the horizons just incase there is something worthwhile grabbing is something we should all be doing. I know 