Much of the present IPO crop is setting themselves up for a fall. They're asking far too much money for something that starts off as vapour.
NEM, Node and plenty of other examples showed how it should be done. Ground up is a healthier way to roll.
I don't see NODE as a success. It's floundering pretty low down the Coinmarketcap list for a second generation coin.
I wonder if NEM will also be a dumpfest.
But folks didn't have to lay out significant amounts of money to get in on the ground floor. It was free for the very earliest.
That surely does set things up for a short term dumpfest but I think they'll both have legs.
The exact same could had been said for NxT. Those people bought in October when 1 BTC = $100ish. I bought most of my BTC, in comparison, when it was above $700.
The guys spent 1.5 BTC limit ($150) and months later were sitting on $4-$6 million and yes a lot of them have been dumping ever since. The moment NxT shows any increase in capitalization or increase volume - the whales start dumping.