Exodus’ EXIT Takes A Nosedive As Security Tokens Note Mixed Momentum

The past week has proven interesting yet somewhat volatile for most security tokens. For example, the initial excitement surrounding Exodus’ EXIT/EXOD token has seemingly quieted down. Moreover, the sentiment toward AspenCoin and Realio improved dramatically, creating an intriguing weekly recap. 

Security Tokens Are Equally Volatile

When discussing financial markets, most people assume volatility is native to only cryptocurrencies. That isn’t the case, although it is not entirely uncommon to see things evolve in such a direction either. Crypto assets like Bitcoin and Ethereum note substantial price changes every day. Security tokens can be somewhat volatile, too, as is illustrated by this week’s recap.

BCAP, the native asset of Blockchain Capital, took a 19.25% nosedive last week. That is surprising, considering the asset didn’t have that much trading volume either. However, a substantial dip is a new buying opportunity for those who expect bigger things from Blockchain Capital. The coming weeks will prove interesting, currently priced at $12 and with a market cap of $84.287 million.

Exodus records another significant drop. The crypto and blockchain only launched its security token for trading on tZERO last week. Despite a price spike to $75 shortly after the listing, the price is now back at $25.25. A net 7.91% loss for the week, although those who bought at the top will face a steeper loss. A price recovery remains possible, although caution remains advised.

The momentum surrounding tZERO’s token isn’t too impressive either. Despite a substantial price spike to $8 in the second half of 2020, the downtrend has remained in effect ever since. Last week, the token lost another 4.72%, bringing its value to $5.05. It is unclear why this is happening, as the platform is still a powerful trading venue for security tokens, including Exodus’ EXOD. 

AspenCoin and Realio Rally

On the other end of the spectrum, some tokens are noting impressive momentum. AspenCoin, the digital asset representing indirect ownership in one share of the company’s common stock, reported a significant price increase. A 16% rally is rather impressive during a week where all top projects lost value. At the current price of $1.16, AspenCoin seems of great interest to investors. 

The other big weekly gainer is Realio Network LTD Token or RST. A 10.31% price increase brings its value to $2.89, which is more than respectable. The hybrid security token represents ownership of the Realio Ecosystem and provides a revenue stream through profit share. The project’s market cap swiftly approaches $10 million again, although the RST high of $4 per token may take a while to reclaim. 

CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.

JP Buntinx

JP Buntinx has been writing about cryptocurrency since 2012. His interest in crypto, blockchain, fintech, and finance allows him to cover a broad range of different topics.

Published by
JP Buntinx

Recent Posts

VisionsDao Exits Stealth Mode and Presents a Modular Stack for GameFi That Enables Sustainable Economies

Toronto, Canada, 8th August, 2022, ChainwireAn up-and-coming GameFi infrastructure startup, VisionsDAO has been building for…

4 hours ago

Lawrence Dallaglio Appointed Strategic Global Advisor for Caduceus to bring Sport into the Metaverse

London, United Kingdom, 8th August, 2022, ChainwireCaduceus Metaverse Protocol (CMP) today welcomes on board English…

6 hours ago

Serenity Shield Launches First Cryptographic Sensitive Data Storage and Succession Solution on Blockchain

Paris, France, 8th August, 2022, ChainwireSerenity Shield, a decentralized application platform that offers an innovative,…

7 hours ago

Ethereum’s EIP-1559 Yields Over 2.57 Million ETH Burned In The First Year

It has been slightly over a year since the Ethereum network started burning ether from…

7 hours ago

Redlight Chain ($REDLC) Solving the Blockchain Trilemma

Gasless Solution to a 3 Pronged Problem:  For the longest time, EVM (Ethereum Virtual Machine)…

8 hours ago (CRNO): The New Crypto That Could Overtake Uniswap (UNI) and Solana (SOL)

A new crypto project, (CRNO), has been making waves in the crypto space for…

8 hours ago