The return rate of IEO is no longer, where should the platform currency go?
Recently, the return rate of IEO projects on the trading platform is getting worse and worse, and there are many projects that will be broken immediately after going online, which brings more chills to the already volatile market. The data analysis of the Cryptorank platform also shows that,The average return rate of IEO projects on major exchanges is gradually shrinking, the general situation is no longer.
We know that in the overall trend of the currency circle this year, in addition to BTC, the platform currency market caused by IEO is the biggest hot spot. With the help of the IEO concept, the exchange has ushered in a wave of spring, and the mainstream platform currency has risen by 4-8 times. Small and medium-sized transactions There is no shortage of dozens of times, hundreds of times the increase, successfully outperforming most of the altcoins.
The logic of the IEO model isRetail investors hold the platform currency to obtain the qualifications to participate in the project, snap up cheap chips and sell them online, earn profit from the difference, and then invest in the next project. This IEO model mainly attracts retail investors by selling the tokens of the project party directly on the exchange, but the exchange and the project party’s model of benefiting retail investors is flawed, and the final result is more With the participation of retail investors, the amount of grabbing is getting lower and lower, and there is no lack of profit-seeking project parties selling a large amount of chips in the secondary market privately. The price of the currency plummets immediately after it goes online, and it has completely evolved into a game of running faster.
The money-making effect is no longer there, and retail investors vote with their feet, but they are still much slower than institutional investors. Big investors sell the platform currency at a high price and retreat calmly, but retail investors are still waiting for the glory of the platform currency to reappear. What they are waiting for is only the platform A decline of more than 20% in the currency.
I don’t know how the platform currency will go in the future, but judging from the market, the high level of volatility has been sorted out for nearly 2-3 months, and the decline has already emerged. It is even more difficult to return to the previous high price. In this situation, just like most of the altcoin positions held by retail investors, they wanted to stop the loss at first but hesitated, and then they got stuck.
In the short term, the recovery of platform currency requires some strategies, such as high-intensity lock-up strategies, token destruction schemes, richer and more complete product lines, and schemes that benefit ordinary investors, etc., these can reduce the selling pressure of currency prices in a short period of time. butThe more medium and long-term impact requires new concepts to promoteOperation suggestion:
Operation suggestion:
BTC: Looking at the volatile trend as a whole, the oscillating range is 9400-9700 US dollars. The daily line level tests the support of the MA120 daily moving average. The large-scale weekly MACD is dead crossed. If there is no large amount that can push the market to rebound in a short period of time, the market is still bearish .
At the hourly line level, BTC is sorting out the trend in the small area, the market fluctuates slightly, and the market is in a strong wait-and-see mood. At this time, everyone is waiting, waiting for the main force of the market to start to act, and the signal is still the release of energy. The short-term support is at 9,000, 9,300, and 9,500 U.S. dollars, and the upper pressure range is 9,800-10,300 U.S. dollars.
ETH: The daily level shows a downward trend. In the short term, focus on the support of the range of 150-170 US dollars. The upper pressure is 180-200 US dollars. Only breaking through 200 US dollars means returning to the upward trend.
LTC: The market shrinks and consolidates the trend, and the short-term test is the support of the 50-60 dollar range.
BCH: The trend is weak, the short-term support is at 230-270 US dollars, you can open a small amount of positions on dips, and the upper pressure is 300 US dollars.
EOS: $3 is a strong short-term support point, and the risk of falling below is intensified.
XRP and TRX: The recent trend is weak. Without a good rebound in the market, it is difficult to have a market. It is not recommended to enter the market in the short term.
Platform currency: The overall trend is volatile. From the perspective of the market, with the weakening of the platform currency, it will face a certain degree of selling pressure. In the short term, buy low and sell high, and the position should not be too heavy.
Altcoins: Individual currencies have oversold and rebounded, but compared to the previous high point, the road to return is still far away. In the short term, it is not recommended to catch up, and only do the rebound operation to reduce positions. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.
