Ten ICOs Are Still Up Over 1000% Since Their Launch
Many new digital assets that entered the market over the last few years have been unsuccessful in growing or retaining value. There are, however, several Initial Coin Offerings (ICOs) that are still performing exceptionally well.
Findings from Messari.io show that there are at least ten ICOs that are up over 1000% or more since the conclusion of their initial sale.
Ether leads with a 43,000%+ ROI; old ICOs reign supreme
Categorized by the total return on investment since the end of their ICO sale, there are ten assets that are still up over 1,000%. They are Ethereum (ETH), Stratis (STRAT), Ark (ARK), Komodo (KMD), Neo (NEO), Augur (REP), Cardano (ADA), Lisk (LSK), Waves (WAVES), and Tron (TRX).
Of these assets, the one with the largest return on investment since the closure of its initial offering is Ethereum, which is up over 43,556% as of press time. While Ether is down over 90% since its all-time high which occured back in 2017, early investors may not be complaining.
The next-closest ICO to Ethereum in terms of ROI is Stratis. The asset is currently valued over 8,777% higher than its price at the time the sale concluded on July 26, 2016.
One common trend among all ten of the listed ICOs is that they took place prior to 2018. In fact, with the exception of Cardano and Tron, which both concluded their sales in 2017, all of these assets have been around for at least two and a half years. Of these, the two oldest are Augur and Ethereum, which concluded their initial sales in 2015 and 2014 respectively.
While top projects flourish, the majority are not as successful
With cryptocurrencies skyrocketing in value in 2017, investors observed the launch of many ICOs that attempted to benefit from the industry’s momentum. Due to the sheer volume of coins launched and a general regulatory ambivalence at the time, many of these offerings have since plummeted in value or disappeared altogether.
In fact, some studies demonstrated just how many of the industry’s offerings were illegitimate or ill-advised. One study produced by Statis Group claimed that as many as 80% of the ICOs launched in 2017 were fraudulent. Another study, conducted by a team at Boston College, found that half of ICOs fail within four months. A third report found that over 1,000 ICOs launched in 2018 failed that same year.
While the ICO industry is largely untamed and perhaps even flooded by offerings that are harmful to investors, the industry’s top projects are still alive and well.