Tokoin’s Performance Review
Tokoin has just completed 3 months out in the crypto-wilderness. How has TOKO performed during the month of November? What have we been up to these last 4 weeks? Read on for your monthly dose of TOKO performance review.
We have plenty of reasons to be thankful for the love and support showered by our community members. With this, we also complete a quarter-versary of the listing of TOKO in KuCoin. Now 3 months might be quite insignificant in normal human terms, but in the world of blockchain and cryptocurrencies, a quarter year can sound the death knell for a project.
The Current Crypto Condition
Unfortunately, the last week of the month hasn’t been kind to cryptocurrencies. The bears seem to have wrestled the initiative back from the bulls. Bitcoin, which was trading at ~$9200 at the start of November, lost more than 20% of its value over the course of the month, and is now trading at ~$7200 as this article is being written (25th Nov, 2019, 5:20 pm UTC).
Ethereum, the second biggest crypto asset by market cap, saw a similar decline in its value. Beginning the month at $182, Ethereum is now trading at $148.
As has been seen time and again, any sudden downward in Bitcoin’s price sends the whole altcoin market into a state of panic. This time it’s no different either, as the total market cap has dropped significantly from $250b to $196b, a decline of 21.6%.
Even in this mayhem, not only has TOKO beaten other digital assets in terms of price action, but it keeps on moving from strength to strength.
TOKO was priced at $0.082 at the beginning of November and is currently trading at $0.085. A paltry 3.5% in terms of USD, but when considered in terms of satoshis, it’s a staggering 30%! In fact, TOKO’s price seems to have bottomed out at around 870 satoshis and is now on its way to reaching new heights.
The price increase coincided with the 2nd chapter of the Tokoin Community Meetup. Hard work and a little public awareness can go a long way in ensuring tremendous returns for our investors. And if the bulls are back next month, we can expect a significant upward movement in TOKO’s price. Looks like December will be a delicious affair.
And that’s not all. A quick look into CryptoRank’s data tells us that Tokoin is now the 2nd best performing IEO of all time in terms of USD ROI. Not only Tokoin is the most successful IEO to have been hosted on KuCoin’s Spotlight platform till now, but it has also left behind projects listed on other leading exchanges like Binance, OKEx, Gate.io, and Huobi.
Even in this bear market, Tokoin’s ROI is 4.27x. In other words, if you had invested $100 in Tokoin’s IEO, your TOKO would be worth $427 today. Let’s not forget that TOKO had reached an ATH of 9x as well. Don’t worry if you had missed it; hang on with us, and together we’ll reach higher highs.
November also saw the beginning of the Tokoin Lock-Up program, where investors can earn an annual return of 2% to 12% simply by locking up their TOKO for 3 months. This program was open to just 765 participants, on a first-come-first-serve basis. It was also a token of appreciation from our end for our community members.
What’s Coming Up
TOKO is also going to be listed on new exchanges soon. This will be a major shot in the arm for TOKO’s liquidity, allowing more people the world over to access to TOKO trading markets. Buying and selling your TOKO will be so much easier. We’ll have many more exciting news and updates to keep you warm as we walk into December!