Analytics / Forex and Crypto News
Binance CEO Changpeng Zhao announced a quick rise in the price of altcoins.
The head of crypto exchange is confident that Bitcoin has reached the necessary mark at this stage (but its potential has not yet been exhausted) and now both the old and the new altcoins must catch up.
Altcoin rally may be even more significant than at the end of 2017. We will witness the launch of more stable and transparent projects. At the moment, the market is dominated by those projects that appeared two years ago and demonstrated their viability during the period of dominance of the “bearish” trend.
In 2019, new tokens will appear, built on high-performance blockchain platforms, we will also see the launch of improved services. They will be able to compete with existing altcoins and startups, according to Changpeng Zhao.
The industry is developing, and now we see real projects on the real blockchain.
Back in early 2019, Binance CEO announced the need for new cryptocurrency projects to appear on the market, since the blockchain industry needs to be updated. It can be improved only through the launch of new platforms and solutions.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov