Bad crowdfunding: 86 percent of the tokens are cheaper than during the ICO

Date:

2018-10-21 00:30:08

Views:

81

Rating:

1Like 0Dislike

Share:

Bad crowdfunding: 86 percent of the tokens are cheaper than during the ICO

Analyst firm Ernst & Young issued a report on the results of the profitability ICO this year. As you may have guessed, due to the global adjustment of the entire stock market investors have lost a significant portion of their money on the crowdfunding. Recall that in the EY report on the ICO last year in December.

the

10 tokens — 99 percent of the profits

Last year, the situation was much better — as evidenced by the December studies 372 major ICO projects. Of these, about 110 on crowdfunding campaigns were able to collect 87 percent of the total mass of attracted funds. The most successful ICO is called «class of 2017». In its latest study, the analysts decided to see where this «class» now.

Unfortunately, the formation of the portfolio «class of 2017» now you would have lost two thirds of their initial investment (taking into account the price of tokens at the time of listing on exchanges). However, only 25 projects out of 110 have at least a working product.

image Source — CCN

More than 86 percent of all tokens now trading below its initial price on major exchanges. Of the 372 ICO only 10 brought anything — 99 percent of the possible profits, investors would have received only ten coins. The result — a chance to choose really profitable ICO does not exceed 10 percent.

the

ICO — not the best investment

It Turns out that even the most successful projects had almost no impact on the world. They are close and can not compete with Ethereum, which in a relatively short period of its existence, radically changed the industry of cryptocurrency.

It is Noteworthy that losses on the ICO did not deter investors from putting money in new projects. In 2018, the demand for crowdfunding has increased significantly only in the first six months in the industry received more than $ 15 billion. A large part of this time belongs to the ICO.

image Source — CCN

Investment in new projects should pay off in the long run. No one doubted that most of the new tokens will not live even before listing on the stock exchanges. Recall that during the dot-com bubble had a lot more losers than winners. But those who managed to survive the tough times (Amazon, Apple, Microsoft) have brought their investors fabulous profit.

The Information is prepared in .

Recommended

Here or tuzanor? Roubini and Weiss fighting again

Here or tuzanor? Roubini and Weiss fighting again

November 16, Nouriel Roubini wrote in Twitter that could gloat about падениz Bitcoin for 10 percent. But according to him, this is just where Bitcoin and the place. The collapse of the stock market spurred a long-standing discord between Roubini and ...

Buying at lower levels: the number of buyers on eToro increased after the fall of Bitcoin

Buying at lower levels: the number of buyers on eToro increased after the fall of Bitcoin

the Latest wave plum like as not frightened off most investors. It turns out that the volume of purchases of the cryptocurrency continues to grow with the fall of Bitcoin prices. This is indicated by the representatives of eToro, the largest trading ...

Bottom punched, Hasrat Ethereum has fallen to its lowest level in last 9 months

Bottom punched, Hasrat Ethereum has fallen to its lowest level in last 9 months

Mine is not profitable, so miners with relatively high cost of electricity continue to turn off their farms. The result is visible on the chart changes Hasrat cryptocurrency in November it dropped to the lowest level since February 2018. Recall that ...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Sia prepares hardwork, which Bitmain will remain out of work. An update is imminent

Sia prepares hardwork, which Bitmain will remain out of work. An update is imminent

the project Team Sia updated the code for the mandatory hard forks. This is done in order to block the miners, who use the equipment and other major manufacturers. Probably, thus the company is trying to resist the centralization ...

What are the chances to return the stolen bitcoins? An unexpected answer

What are the chances to return the stolen bitcoins? An unexpected answer

security Experts believe that cases of theft of cryptocurrency is much more than reported. People just don't make a fuss as don't believe that the coins can be returned. As stated in Reuters, the unique nature of cryptocurrencies ...

A revolution in mining? Samsung will release the chip for the ASIC with twice the energy efficiency

A revolution in mining? Samsung will release the chip for the ASIC with twice the energy efficiency

a Division of Samsung Electronics, Samsung Foundry, has commenced production of the new 7-nanometer chip Low Power Plus (7LPP). It is expected to revolutionize the mining industry. The main advantage of the device — 50% energy sav...

Сopyright © 2018 | scienews.com | 7695 news