In the past, projects and exchanges organising trading competitions was highly effective and not only drove prices upwards but helped with more publicity for such projects. Unfortunately, modern day Trade competitions have little or no significance. The uncertainty regarding most of these projects has meant most persons are losing interest in trading or investment and this is probably nothing.
Most came into the industry looking to make a quick buck probably due to success stories of other people in the past and when they market doesn't go in their favor or slightly from what they had hoped, they become impatient and once this happens, FUD sets in leading to them dumping their assets at the cheapest possible price and jumping off the train. Of course, decisions like this will only lead to losses and bad tales as well as experiences.
I really doubt there are any exchanges out there capable of besting binance at the moment. Binance happens to be the exchange dictating the pace for others to follow and they keep churning out revolutionary and innovative features that makes it almost impossible for others to match. I don't see any exchange comparable to them. However, this could all change in the future.
I think there a lot of projects occupying unnecessary space on most exchanges with little or no value. The expenses incurred for maintenance could be telling on the exchanges since no visible action in experienced from such pairs. The best thing to do is to delist such assets. The most notable effect could be losses on the part of users who may never find this delisting information in time to enable them withdraw their assets off the exchanges.
I beg to differ. Staking coins have mostly lost their sting and what use to make them attractive and highly potential in terms of value. These days, most staking coins no longer offer much, they have mostly been turned into less than impressive niches. This I believe has to the fall in crypto prices and industry generally. They could yet make their way back but at the moment, they truly don't offer much.
With the several challenges facing the crypto industry, I think it is about time regulations were installed to help propel this technology to where it ought to be. The absence of regulations has meant that, the ills have continued unabated. Regulations will help checkmate this atrocious processes committed mostly by the so called crypto elites. Until these issues are completely filtered out, we may never see the true strength of blockchain.
Generally, the persistent down turn of events in the crypto industry has led to a continuous fall in prices not just in the ICO niche. This isn't affecting investors alone but even enthusiasts as it affects the look and attractiveness of crypto, unfortunately, there is nothing anyone can do about it at this time. Crypto needs mainstream adoption for it to be fully stable and more appealing. This will come with time when there is more control and rules guiding against some ill practices experienced in the crypto industry.
This is the sad reality. We all thought that somehow, the crypto boom of 2017 was always going to make a comeback making us all massive gains like it did back then. Unfortunately, the turns of event in the crypto industry since then has led to massive fluctuations in crypto prices leading to a continuous bearish trend. Waiting for the bulls to return may be an effort in futility.
You need to be careful with XRP, unfortunately, it has continue to disappoint even with its potentials. Its growth is highly unstable and unpredictable causing traders and investors to lose a whole lot. XRP as a cryptocurrency still has a long way to go and I however think, it will come good in the long run. Only invest what you can afford to lose if things don't go according to plan.