Listing.Help analysts explain why now is the best time for Listing

The current economic situation leaves much to be desired. Every day we get new negative macro forecasts from well-known organizations. However, during that time, we should think globally and try to look far beyond this economic crisis.

Listing.Help sees unexpected advantages in this challenging situation. Listing of projects on exchanges remains a high-demand service. However, not all projects can afford to start trading on top and well-known cryptocurrency exchanges at once. Now the situation is changing.

1) Many well-known exchanges (Hitbtc, Bithumb Global, Bitforex) aware of the current decline in the economy and the state of the cryptocurrency community and ready to give a helping hand to projects. The price of listing on them becomes much cheaper. The exchange management explained this position to us as a desire to help projects that reduce marketing costs and other expenses.

2) Moreover, Listing.Help wants to support this initiative from cryptocurrency exchanges and make additional discounts for listings. We build long-term trusting relationships with many projects, and we want to support such projects and help those who are haven’t yet been listed on well-known exchanges.

3) The price of bitcoin is another important factor for the listing price. There is a correlation between the price of bitcoin, public interest in it, and the cost of services in the cryptocurrency market. The higher the price of bitcoin, the higher the cost of many services both in bitcoin equivalent and in terms of the dollar.

Listing.Help sees unexpected advantages in this challenging situation. Listing of projects on exchanges remains a high-demand service. However, not all projects can afford to start trading on top and well-known cryptocurrency exchanges at once. Now the situation is changing.

Bitcoin is now trading 30% below its highs of last year. As a result, if listing on an exchange cost 3 BTC, then in dollar equivalent, such operation is now much cheaper.

The entire cryptocurrency community was waiting for the bitcoin halving and associate it with the rise of its price. As a result, we are likely to see an increase in the price of many cryptocurrency services both in bitcoin and in USD.

Listing.Help sees unexpected advantages in this challenging situation. Listing of projects on exchanges remains a high-demand service. However, not all projects can afford to start trading on top and well-known cryptocurrency exchanges at once. Now the situation is changing.

4) The interest in new projects entering the exchanges is now higher than ever. Representatives of exchanges explain this to us by a simple logical chain:

a. Currently, most of the world’s population is on lockdown and turned to new types of income online;

b. Exchanges launched an extensive advertising campaign on the Internet and tryied to enter new markets (for example, the CIS and LATAM);

c. New users come to cryptocurrency exchanges. They often trade less with main crypto assets – Bitcoin and Ethereum, and more with altcoins;

d. As a result, new users turn their attention to all new projects that carry out listing on exchanges.

This tendency is easy to trace by increasing the number of registrations on platforms and the growth in trading volumes of many top tier cryptocurrencies and altcoins.

Our data shows that within the second half of March, which is when strict lockdown policies have been imposed in many countries, we’ve seen a 30% increase in new accounts,” a Bitfinex spokesperson said.

The community’s solidarity of the cryptocurrency community and the desire for projects to help each other during the crisis are the main trends of recent months. Thanks to supporting measures from large projects, a unique opportunity arises. Small startups can improve their position and get new connections despite all the crisis phenomena in the economy.