by John Rubino, Dollar Collapse:
The pyramid above shows the history of an initial exchange offering (IEO) named Polygon (MATIC). It was available on Binance Launchpad at a price of 0.00263 USD per coin from April 24th to April 26th in 2019. It subsequently traded on various crypto exchanges, hitting a high of $2.87 in late 2021, for a gain of 1,091x. Less than three years old and with a great use case, Polygon retains plenty of potential for further growth.
This is the second part my series about picking coins with 10,000x potential. The first part talked about the strategy of using initial coin offerings (ICOs) to buy in early before the coin does a 10,000x: Here, we’ll discus IEOs.