1. Now that the court is demanding for users data from centralized exchanges do you think that users will stop using centralized exchanges and finally move to DEX? Are centralized exchanges going to lose their reputations after this?
2. Some new projects are still finding it very hard to use exchanges like binance to raise fund through IEO because of the cost, what could be the best solution for such young crypto projects?
3. If IEO have good hype presently will they perform as good as ICO did in 2017 when the bullrun and altcoin season are present?
1. Now that the court is demanding for users data from centralized exchanges do you think that users will stop using centralized exchanges and finally move to DEX? Are centralized exchanges going to lose their reputations after this? No, CEX will not lose the confidence of traders or investors. I will even argue they will never be usurped by DEXes.
Let me be quite frank here, there are many negatives to centralized exchanges: centralization of crypto supplies, security vulnerabilities, monopolistic tenancies, hacks... etc. But, for an average person, a DEX will always be a niche.
If people are attempting to avoid or are afraid of the law, then I'm going to assume they are most likely doing something wrong or not according to their countries law. Does that make it bad? That's not really for me to judge. There are of course scenarios were there are legitimate reasons why someone would absolutely need to be off the radar, such as people from authoritarian counties, China and etc.
For the average person, a CEX will be the most convenient and in most scenarios, the safest option to invest/trade cryptos with.
Does this thought process strip away the ideals of what a crypto is. Yes. But, I'm talking reality here and tendencies of human behavior and what has transpired over the last years. Binance continues to be largest exchange because they consistently innovate, are the most convenient, safe and trusted. Binance is also the most centralized and monopolistic exchange in all of crypto, especially now that they fall under Chinese law since Hong Kong has been stripped of its democracy.
The biggest threat to crypto in the immediate future is Binance. But I've not seen any conversations, critiques or warnings of what a danger Binance poses to the entire crypto ecosystem. That's because no one really cares anymore. As long as investors and traders can make money, then any exchange that's not a scam will be sufficient.
2. Some new projects are still finding it very hard to use exchanges like binance to raise fund through IEO because of the cost, what could be the best solution for such young crypto projects?
A general rule of thumb is that the market dictates what a good and bad project is. This is determined on how experienced teams are, how balanced they are, what types of resources and connections they draw from.
There are hundreds if not thousands of teams who would love to make a crypto and have attempted to do so. The reason many fail is due to having various of issues, including poor communication, marketing, tech, bad ideas, useless ideas, etc etc. I could make an enormous list for you on why teams fail and can't raise funds. It generally means because the project is a failure.
A good team and good project will almost always succeed to raise funds and launch whatever they are launching. Bad projects can succeed too, often maliciously or by a miraculous mirage.
3. If IEO have good hype presently will they perform as good as ICO did in 2017 when the bullrun and altcoin season are present? This is a highly speculative question. If you want to ask me a different variation of this question, I may answer it.
In summation, the general trend in crypto is that altcoin rises come on the heels of any major Bitcoin gains. Most altcoins don't follow Bitcoin's trail though, they follow Ethereum's gains. Ethereum follows Bitcoin. So, if you're waiting for an alt-season boom ever, then watch Ethereum. Eth generally dictates all the ERC-20 tokens and competitors.
But yes, Bitcoin booms generally coincide with altseasons, if Bitcoin doesn't dump too quickly.