Three months after being sued for $5 million, Rapper T.I’s coin, FLik is up 173 percent outperforming the likes of Tron and Binance Coin. Although it is nowhere close to $15, it is better off from the $0.000110 it registered early this week but still far away from the 72 cents it recorded at it peaks in late 2017. Apart from price and the 24 HR trading volumes of $6.65, the coin market cap is up to $22k at the time of writing.
The ICO Hype of Late 2017
Truth is, everyone wanted to cash in during the now distant 2017-early 2018 ICO mania. During those wonderful days, it was common for tokens to post double- or triple-digit gains days after launching. That was regardless of whether the founders had a minimum viable project or not. It was all about potential and after accelerating at terminal velocity, pumping prices of native currencies as ETH, NEO and WAVES, prices cooled off and ultimately crashed in 2018. Of the many coins that didn’t recover from the bear stroke of 2018 was…
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