AXS was sold at $0.1 at IEO price but only breezed to $0.29 briefly while INJ sold at $0.4 managed to hit $1.49 as its brief ATH. These results are unlike Binance's past IEOs which made investors jostle to get in to the launchpad.
Do you think that it the end of Binance IEO has come or the exchange would rediscover its earlier form?
Let me know your opinion.
Actually, the IEO trend is gone for a long time and now it is no longer fomo. As a result, the value of future IEO projects is all of its real value, so the price increase is only short-term and only pumps slightly.
In the crypto market, the trick to making a lot of money is crowd psychology analysis. The crowd will determine the future trend of the market. And as you can see, people are concerned about Bitcoin and Defi projects more, and that's the main reason.
