...I believe that IEO will last longer because it's capable of giving confidence to the audience, they have something to put their confidence on and that's top exchanges, look how profitable binance launchpads are over the few years, who would thought IEO could be this strong today? ...
The most profitable IEO on Binance was Sandbox (SAND), which brought its investors more than 1000% on the first day of trading on The exchange. But the last IEO Axie Infinity (AXS), which took place yesterday on the exchange, brought only 35% of the profit. It is possible that these figures show a decrease in investor interest in the Binance exchange IEO.
It just shows that the IEO craze is slowing down, unlike in the beginning wherein the tokens are sold in just seconds and huge profit for early birds. And don't forget as well that Binance has the practice of delisting even the token launch on their platform.
And as the figures is showing a decrease in investors confidence, they might be looking forward for the next craze being invented by developers or even top exchanges like Binance.
Yes, we have the hype now now ETH 2.0, DEFI and UNISWAP, but there could be like IEO in the future.