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Monday, 22 July 02:33 (GMT -05:00)



Foreign exchange market

Most ICOs Eventually Fail


Most ICOs out there end up with nothing for the ambitious project starting them as well as their investors seeking quick yet stunning returns on their investments. This is confirmed by the survey conducted by the University of Boston, Bloomberg reports.
 
All in all, during the research they analyzed 2390 ICOs that took over the last 3 months. The researchers focused on their activity in Twitter. It turned out that 3 months later, only 44% of the startups that initiated their own ICOs over the reporting period are still operating in the global market of cryptocurrencies. 
 
The researchers also found out the safest investing strategy for those seeking to invest in ICOs these days. In particular, they suggest buying coins during the pre-ICO and selling them back during the first day of the ICO. However, in most cases, private investors are forbidden from selling their tokens right after the start of the ICO. This is why they are recommended to get rid of the purchased tokens during the first 6 months after the start of the ICO. This strategy can be really profitable at times, making the investor a fortune. However, this promising upside comes bundled with considerable downside risk since investors have to bet on something that is not there yet. 56% of the coins generated during ICOs eventually cease to exist within the first couple of months of circulation.
 
According to Coinopsy and DeadCoins, as of late June 2018, over 1000 ICOs can be considered dead.

Aaron Brown form Bloomberg reports that after a long period of monitoring various startups it would be safe to say that 80% of those ICOs end up being fakes scamming people of money, with 10% of them disappearing with investor money even before the ICO expires.
 

 

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1 Million Dollars For Bitcoin - John McAfee Confirms The Forecast

If someone has been enjoying the BTC rally going on sine early April, today you are probably not that exited about the market conditions since the bears seem to be getting stronger. The BTC exchange rate has dropped and is not trading around $10000 per coin, Market Leader reports.

Publication date: 19 July 04:07 AM

NYSE Launches Slack Technologies' IPO

Publication date: 22 June 05:58 AM

Masterforex-V Names 135 Most Popular Forex Brokers 2019

When trying to increase the amount of new clients, many brokers start massive ad campaigns online. Most of the time, you can see or hear those brokers call themselves the leading players in the industry, the best of the best, which is obviously not true because all of them cannot be as good as they claim to be. This actually makes it really difficult for the common trader or investor to make up their mind when choosing the next broker to go with.

Publication date: 12 June 08:22 PM

NordFX Products and Services Praised at the Philippines Traders' Fair

  The brokerage company NordFX took part in the specialized Forex Traders' Fair-2019 which was held in the capital of the Philippines, Manila, at the end of May.

 

Publication date: 01 June 05:52 AM

Central Banks Cut Down On Their Dollar Reserves

Central banks all over the world are loading up on euros, yuans, and yens while getting rid of their dollar reserves. The IMF's report for the 4th quarter of 2018 confirms that. They say this has to do with the redistribution of currency reserves in the Russian Federation.

Publication date: 31 May 12:59 PM

Forex Forecast and Cryptocurrencies Forecast for May 27 - 31, 2019

Complaints and sometimes even moans have been heard everywhere in the last months about the low volatility of this pair. The same is true about last week, until the second half of Thursday, the maximum range of its fluctuations did not exceed 45 points.

Publication date: 27 May 04:51 AM

Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on May 20, 2019.


Publication date: 20 May 03:50 AM

U.S. Sanction Trap For Russian Rouble

It's not a secret that the amount of sanctions against Russia has been growing over the last few years. At the same time, experts are losing faith in the stability of the Russian Rouble. Washington is discussing more and more variants to impose even more sanctions on Russia to undermine its economy and national currency.

Publication date: 18 May 03:25 PM

Facebook articles contest from FortFS

FortFS offers you to show off your writing skills and compete with other traders for a prize fund of 1000 USD, which will be distributed among the authors of the most interesting articles about our company!

Publication date: 18 May 12:24 AM

BTC Market Will Set New Highs In 2020

Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.

 

Publication date: 15 May 10:05 AM