Market report updated for 100% accuracy on 10/1/20
Recently, a loyal community member of ours expressed their concern for the lack of volume in September compared to our record-breaking performance last month. We are here to tell you there is no need to be concerned for the following reasons:
Since we started making these monthly market reports, we have come across numerous industry doubters saying statements along the lines of "There's no volume, this will never come to fruition." The problem with that claim was the lack of perspective and vision. The security token industry is still in its infancy and will take many years to reach Nasdaq or NYSE trading levels, if ever.
We aren't quite there yet, but we are elated to say every month has been a step in the right direction and August was an even LARGER step. In the month of August, trading volume amassed nearly $22 million! That's almost an average of $1 million in trading per day. To put this into perspective, the first market report we made in January, there was a total of ˜$194,000 in trading volume for the entire month… That's a growth of 11,235%! We now eclipse $200k in the first hour of trading almost every day. …