Gone are the days when Cryptocurrency returns was 5x, 10x or greater. Over the past twelve months the scenario of Cryptocurrencies has been totally changed. As there are more players in the field. Now there are no guarantee for the quick growth of money as 12 months before. The market of Cryptocurrencies has became more competitive. Every day new ICOs are in the Cryptocurrency market. The result is profit reduction. Now gaining is not that easy as it was earlier. Although the big traders are able to get a mouthful others are left to some how survive over left overs . Previously investors were making good and easy money.
The Cryptocurrency investors profits till last year were 10x. Spectrecoin, which has provided a 2,143x returns on its token price, Qtum(106x) and Neblio(103x) were 2018’s best performers. Bluzelle, in comparison , has managed a mere 5x on its ICO price to date. That can still be called a decent profit. It is not raking in the moolah but can still be called healthy profit as compared to traditional trading options prevailing in market or available in market. But by Cryptocurrency standard 500% is not a very handsome profit.
The reason for drop of profits is that now more people have become aware and have got involved in mining Cryptocurrency. This has made making mining difficult and less profitable. Telegram groups promote the most promising ICOs while projects that attract rapid community interests are prominently promoted, leaving fewer undiscovered gems. Every one is looking for the next Antshares, Dragonchain or Stratis. And it is not just Crypto investors who are wise to this, the ICOs are issuing the tokens too.
The projects that are generating the most hype are able to raise their hard cap. The best project increase the number of tokens issued ,and bumped up the token price in the knowledge that they’ll still sell out in hours.
20% seems an accurate figure for the sort of price bump that tokens added to major exchanges such as Binance and Kucoin can now expect. Bittrex has finally begun clearing out some of the Deadwood which had been a result of months of stagnation.