IEO Isn’t Dead: CTSI Token Soared By 550%
Initial exchange offerings stormed the world back in 2019 with significant profit for investors. Over time, Binance changed the format of IEO, making them much more affordable. Many thought that IEO, like ICO, would lose its relevance over time. However, today IEO Cartesi (CTSI) has brought investors serious profit up to 550%.
The announced IEO price for the CTSI token was set at $ 0.015. Immediately after the distribution of tokens was completed, and Binance put CTSI on the exchange, its price increased markedly and reached a maximum of $ 0.098 in the first green candle of the chart, showing a return of more than 550%. Then the price of the CTSI token decreased and it is trading at around $ 0.069, which is about 360% more than the public sale.
The IEO of CTSI token clearly shows that the initial exchange offerings are not dead. In February, WazirX (WRX) made a similar profit. The price of the token rose by 700% after listing. Where the IEO market will go now, and whether this trend will continue to develop is still unknown.
Image courtesy of Medium
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