In less than one week, this Casper's trajectory took off and seemed headed for the moon, leading to an unprecedented gain percentage.
Bullish cycles in the cryptocurrency market can be exciting both for traders and investors. But the rapidity at which market shifts can create difficulties for ambitious new ventures to ride the wave before the period ends. These new ventures are often left at the short end of the stick.
Major Signals
- Casper gained by over 2,000 percent.
- As of May 6th, it was trading under 3 dollars.
- During its initial public offering in April, it was sold for 3 cents.
- They hope to diversify to Africa and the middle east.
As a result of this fact, some projects have been listed on exchanges using a unique system that allows interested parties to participate in the trading before the token is officially launched.
Even before the token is inaugurated, potential investors may get in on the trading action. Polka dot has earlier done this with much success.
Casper is a comparatively recent venture that has profited from the operation. Its token value has increased significantly since the conclusion of its initial public offering when initial investors were given the opportunity to purchase the altcoin for under 3 cents.
According to reports, the value of CSPR has risen 2,300 percent since May 6th, surging from a low of $1.15 to a historical high of $28 on May 10th as transaction volume and enthusiasm soared.
The token was released soon after its ICO with some of the more unknown, smaller exchanges, where it sold for under $3 till early May. After May 7th, the release of news that they would be listed on Huobi drove the price up.
Following the release, trading volume on exchanges where it's listed soared sixfold propelling the token price close to a thousand times higher than its ICO price only over a month ago.
Multiple collaborations and protocol innovations suggest Casper has a solid base and considerable growth potential. Casper revealed several agreements, including alliances, following the launch of its main net on March 31. It is hoping to expand towards previously unexplored places like Africa and the Middle East. They have a lot of potentials to grow even beyond the popular ones.
Even though Casper is not commonly traded on major exchanges, the buzz surrounding the token, as well as the success of other IOU listings such as DOT, show that investors are intrigued by the project.
The new project is off to a good start. An over two thousand percent gain in a matter of hours. This new cryptocurrency has made a lot of impact in the crypto world in a very short time and we are glad to see it thrive.
There is a lot of potential room for the project to grow. This model was used on Polkadot with incredible success. It is currently top ten by market capitalization after having been launched last year. Although there is some room for improvement, we do hope that this succeeds
What do you think of Casper's rally? Let us know in the comments.
