LAToken’s Daily Charts Show Disproportionately High Volumes

LAToken’s daily charts show disproportionately high volumes thus catching the eye of the CoinMarketCap market operator as we are reading further in the following altcoin news.

Crypto Twitter started lambasting LAToken’s daily charts volumes and the entire platform for reporting these volumes on par with Binance while still showing rather scant resources. Just to be sure, CoinMarketCap wised up on the disparity between the reported volume and the adjusted volume and has also started excluding exchanges with obviously inflated activity from the reporting. The LAToken is holding just 0.58 percent of the bitcoin market and is nowhere near to the top exchanges.
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However, the market shows a very unusual relationship with Coinmarketcap and unlike other exchanges, this marketplace has an expanded profile that presents the project in a positive light to the users. The top industry players such as Binance and Kraken have a similar profile. The presentation for the LAToken also looks dated running a positive promotion for the ICO platform and an issuer of ERC-20 tokens. The profile stands and shows the benefits of the ecosystem which reportedly includes an ICO incubator which is a decentralized exchange and an upcoming LAChain for security tokens.

Most of the markets that the LATokens aim to enter are either dead or failed. ICOs are frozen and the US Securities and Exchange Commission is facing a backlog of the token sales and hits startups with fines and cease-and-desist-orders. As for the security tokens, there’s no interest in issuing those types of assets and trading is extremely hard. Despite its promises, the LAToken shows the activity of a typical crypto-to-crypto exchange and most activities was linked to the BTC and top altcoins mainly Ethereum.

For a longer period of time, the LAToken has been called a scam and there was a lot of criticism coming since the start of the project running its own ICO in 2017. With the dubious activity not stopping and the markets keep on offering listings to projects that are seen as scam coins or tokens. The LAToken still reports trading activity above $500 million per day and there is a significant place for this type of market which is often high as $900 million. LA token has taken the usual trajectory and rose to $1.88 during the crypto boom in 2017 and then crashed to the current level of $0.08.