initially doubled its listing price but has since fallen back to its original value, raising concerns about its future. Given current crypto market trends, $IO might drop further, possibly to 2 or below. However, if $BTC rises and continues to trend upward, $IO might recover.
Many new tokens on Binance are following a similar pattern: they rise initially, then fall to or below their listing prices. This trend isn't good for the crypto market or Binance, as it makes new cryptocurrencies seem like short-term profit opportunities rather than long-term investments.
