The crypto market is booming again, with each passing day a new token is doing another ’10x’ and making early investors rich. The latest coins in the limelight, all happen to be Binance IEOs: Kava (KAVA), Elrond (ERD), and Band Protocol (BAND).<\/p>\n
Why are Binance IEOs suddenly outperforming the rest of the market? Also, will this craze continue, and if so, which token will rally next?<\/p>\n
During the 2017 crypto bubble, alongside Bitcoin’s meteoric rise, the ICO boom helped Ethereum explode<\/a> and created an industry filled with altcoins.<\/p>\n Most of the altcoins created during this clear cash grab ended up nearly worthless after the bubble burst. The fundraising method went from being championed across crypto to being demonized by the finance world and by chief regulators<\/a>.<\/p>\n Negative sentiment and a slew of lawsuits stopped that trend in its tracks. Since then the market has been searching for a suitable replacement for launching new projects through crowdfunding.<\/p>\n Related Reading | The Great Ethereum Debate: DeFi Versus ICOs<\/a><\/strong><\/em><\/p>\n IEOs, or initial exchange offerings were born<\/a>, helping to launch new tokens with the added backing and support of a cryptocurrency exchange. Binance kicked off the trend, but several other platforms followed the industry leader.<\/p>\n Like ICOs, IEOs were also haunted by negativity, with a former SEC chief referring to the new class of assets<\/a> as “unregulated crypto-casino fundraising mutations.\u201d<\/p>\n That negative stigma, however, has since been shed alongside the market turning bullish again, and it has helped propel a handful of Binance IEOs to superstardom.<\/p>\n We've seen some amazing runs on the IEO's of @binance<\/a>.<\/p>\n Strongest movers are; $KAVA<\/a>, $ERD<\/a> and $BAND<\/a> as they all pulled a move of more than 10x. <\/p>\n Recently, $PERL<\/a> also joined the party with a big breakout.<\/p>\n I think $CELR<\/a>, $ONE<\/a> and $BRD<\/a> can still join.<\/p>\n — Micha\u00ebl van de Poppe (@CryptoMichNL) July 26, 2020<\/a><\/p><\/blockquote>\n\n