Since 2017 we have seen a giant drop in the value of all altcoins and the whole market suffered a gigantic blow. Many projects failed, and their tokens are worthless.
So what exactly happened?
First of all, let’s take a look into the crypto-hype of 2017. It was a peak year for crypto all over the world, and the number of new projects was astounding. Thre was a new crypto coin or token coming out almost every day. People who bought ETH early on were seeing thousands of per cent growth in value, and since the Ethereum blockchain launch, ETH became a second most valued cryptocurrency right after Bitcoin.
Those were the most prolific times for many investors into new projects, hoping for another miracle crypto coin or token to top the charts.
Unfortunately, since ATH of Bitcoin in December of 2017, we observed a bloodbath of all altcoins, and that's a harsh reality check for the whole market.
Currently, we’re in the third quarter of 2019, and when it comes to Bitcoin, there is quite a positive movement on the cryptocurrency market where we could observe over 300% rise in value in recent months. Alts are always following Bitcoin movement, but devastating loses over the last two years will take some time to recover, they are not just there yet.
As you already know, we performed two IEO’s one on LATOKEN and another one on COINEAL. We wanted to follow it up with a listing of GEC token, but because of the poor turnout and disappointing results, the management decided to postpone it till the further development of the Geco.one platform and better altcoin market conditions. Initially, we plan to list GEC token later this year but remember that market volatility can dictate different scenario.
Thank you for following Geco.one’s project development, and we are hoping that you will continue your support.
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