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Over the last crypto bull run, DeFi newcomer Gnox saw exponential growth in price. It is not uncommon, though. A slew of DeFi platforms produced massive gains in 2020 and 2021. However, since reaching their record highs, the majority of them have fallen by 80% to 90% or more, wiping out all of their gains.
With a strong business model that resulted in Gnox’s price growth, crypto analysts believe that the token will top Ethereum’s initial coin offering in 2014.
Ethereum’s ICO Boom
Ethereum's initial funding came from an ICO that took place in 2014. In exchange for bitcoin, buyers received ether, and more than 7 million ether—worth roughly $2.2 million—was sold in the first 12 hours of the sale.
By the time the sale was over, more than 50 million ether, or about $17.3 million, had been purchased. At the time, controversially, 9.9 percent of this ether was allocated to the Ethereum...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...