As everybody focuses on the recent price action of Bitcoin (BTC), some other cryptocurrencies are deciding to break out of their long term downtrend. Notably, Initial Exchange Offerings (IEOs) and Binance IEOs, in particular.
IEOs are similar to ICOs except that they are immediately launched on an exchange. The phenomenon started to gain attention at the beginning of 2019 through the launch of the Binance Launchpad.