2 reasons why Casper (CSPR) IOU token rallied 2,300% in one week
Cointelegraph
Published May 10, 2021 05:30PM ET
Updated May 10, 2021 07:00PM ET
Bull market cycles in the cryptocurrency market can be exhilarating for day traders and long-term investors alike, but the speed at which the prices move can make it a challenge for promising new projects that are looking to catch the momentum before the cycle plays itself out.
This reality has led to some projects listed on exchanges in the form of token IOUs so that interested parties can get in on the trading action before the token is officially released. Polkadot (DOT) is one of the most well-known examples of a token that went through this process.
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Written By: Cointelegraph
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