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Bitpanda IEO Followed by Rapid Sell-Off

Published 08/12/2019, 04:29 AM
Updated 08/12/2019, 05:42 AM
 Bitpanda IEO Followed by Rapid Sell-Off

Bitpanda’s IEO angered initial buyers, which entered at a price of 0.09-0.10 euro. One of the biggest European exchange-based token sales followed the path of other IEOs, with immediate price dumping. While the BEST token recovered to about $0.07, it is still way below the initial sale price.

https://twitter.com/AwsmOli/status/1159143593828855812

However, in the long run, BEST is betting on the success of the Bitpanda Exchange, a new market that will gradually build its liquidity. The asset will work as a native token and form base pairs, potentially boosting the price. BEST will aim to work s...

This article appeared first on Cryptovest

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