Depending on whether you are currently holding Ether, today might be your chance to make an instant gain when investing in an ICO that has their token conversion rate locked to Ether instead of USD.
Let's take an example of Coinvest. They are currently locking the rate at 1100 COIN to 1 ETH (equivalent to $700/ETH). If you buy ETH and invest today, you will essentially get 22% discount on top of 10% bonus they are giving for participating in the ICO. This is actually even better than participating during the presale back in Jan 2018 (25% bonus). Here's the official article about the fact.
This is certainly one positive thing in this crazy bear market. Coinvest is a great project so if you were looking to invest, this might be a good time to do so.
If you know of any other great ICOs that lock their conversion rate to ETH, share them in the comment section below.
Please do your homework and understand the company and ICO before you invest. Invest at your own risk.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs.