The Rollercoaster Ride of $JAILSTOOL: Will Patience Pay Off or is It Another Gamble Gone Wrong?
There's nothing new for the cryptocurrency world regarding volatility, but the recent enthusiasm around tokens such as $JAILSTOOL, $TST, and $BIGBALLS has taken the market's erratic behavior to newfound levels. These digital assets appear to be engaging in a well-rehearsed pre-ICO (initial coin offering) price pump and dump. Yet, even by that risky standard, the tokens do not seem to be doing well; they have not catalyzed much trading activity at genuine crypto exchanges, suggesting that if they're following any trend, it's a "Christmas tree" pattern. A Classic Crypto Frenzy: The Rise and Fall of $JAILSTOOL The cryptocurrency community was recently captivated by $JAILSTOOL, a token that shot up to an incredible market cap of over $200 million. Investors, apparently captivated by its rapid growth, were all set to capitalize on what seemed like a probably token that could reach […]
