Min/Max: $1.00 / $10000.00
Added: Apr 30th, 2021
Monitored: 16 days
Lifetime: 16 days
20% hourly forever, 50% hourly for 10 hours, 1500% after 1 day, 6000% after 3 days, 12500% after 5 days, 19000% after 7 days.
Many ICO companies raised a significant amount of capital through Ethereum, Bitcoin, or other cryptocurrencies in 2017 and 2018. The problem is that these firms need to meet the expenses of their projects by paying in fiat, like USD or EUR. This exposes that to high and unwanted cryptocurrency price risk.
Similarly, many crypto miners get most of their revenues by mining and potentially selling cryptocurrencies, but have to meet their electricity costs and operating expenses in fiat. These large crypto holdings expose them to significant crypto price risk and potential inability to meet their fixed and recurring expenses.
Cryptocurrencies are characterized by extreme levels of volatility compared to traditional asset classes like equities and fixed income. The average annualized volatility for Bitcoin is in fact around 80%, while for Ethereum is around 115%. Equity markets in comparison have an average annualized volatility level of around 15%.