Despite the bearish sentiment, there are still ways to make quick gains with IDOs. Launchpads are mushrooming and the market is still full of IDOs being launched. Bitcoin achieved an all-time high of USD$68,000 in early November of 2021. The rest of the major altcoins like ETH, ADA, SOL and LUNAalso  soon hit their own all-time highs over the month following. It was a period of extreme bullishness for everyone investing in cryptocurrencies. Since its all-time high, Bitcoin’s price has seen extended weakness through the months of November to January. The bearishness was compounded by the uncertainties brought about by the Federal Reserve signaling its intention to remove the liquidity support it has provided to the economy since the Covid pandemic started. This frailty has afflicted the whole cryptocurrency market with almost all altcoins including meme coins seeing precipitous drops in their prices, very often surpassing that of Bitcoin’s in percentage terms. IDO Gains However, there is still a corner of the cryptocurrency market that has maintained its spark during these bearish times. Launchpads and IDOs (initial DEX offerings) have displayed amazing strength throughout. This is clearly a sign of the maturity of the crypto space, with investors still hunting for emerging gems that could be the next leading altcoins of the future. Most of us would be familiar with the price pattern above, most IDOs experienced a spike in prices post-launch before retracing backward. However, even after factoring in the retracement, most IDOs are still trading handsomely above their IDO or presale prices. Therefore, there is a simple investment strategy to be had by investing in IDOs for quick gains. There are numerous launchpads like Pinksale, Memepads, Anypad, Seedify, and others that are seeing a continuous stream of IDOs for investors to choose from. With so many IDOs, it is a difficult task to examine each one. However, let’s look at a few examples that illustrate the potential for making profits by investing in IDOs. First off is Affyn (FYN), a play-to-earn Metaverse project which just concluded its IDOs in the past week. At its height, FYN saw a 25X increase as compared to its IDO pricing. At the moment of writing this, FYN’s price is still about 500% of its launch price. Next off will be GangDoge and Comfy, both reflection tokens, that has seen prices peaking at 7X and 32X above IDO sale prices. Lastly, another IDO which has done well is the Age of Gods. This was listed in Pancake swap at the end of December, hitting a high of 10X above IDO price and still trading at about 3X at this moment. There are just too many of such blistering IDOs over the last 2 months to cover them here exhaustively. Investors should do their own research before investing in IDOs and nothing here should be taken as financial advice. Investing in IDOs is a high-risk venture and investors should be prepared to lose their investment. However, investors can consider adopting the portfolio approach by investing small amounts across numerous IDOs to benefit from the safety of diversification. Lastly, investors should not solely rely on the vetting process of some of these launchpads, with claims of curating the best projects for their members. This smacks of “picking the winner” and I am doubtful that these launchpads have any superior advantage over conscientious investors who do their own research. Nothing in this article constitutes professional investment advice. Please do your own thorough research before making any investment decisions. Disclaimer:

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Despite the Bearish Sentiment, There are Still Ways to Make Quick Gains with IDOs

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