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Significantly more than 8 of each 10 coins offered in the initial quarter dropped in price after their ICOs.
By the conclusion of March, 2 of the 89 exchange-listed cryptocurrencies that went public in early 2018 had suffered total losses, though a next one returned participants 1,050%, in accordance with ICO Rating research.
That illustrates the high risks and rewards of the infant cryptocurrency market. Overall, however, success stories are relatively rare. Just four of these initial coin offerings ICOs doubled participants'money next to the bat, and 16 grew supporters'money. The others – a complete 82% of these – were worth less compared to the ICO price by quarter's end. In reality, a majority (55%) saw the worthiness of the cryptocurrency cut in half.
The exchange-listed ICOs targeted financial services applications most, with 38 projects, accompanied by 27 exchanges and wallets, 19 gaming and virtual reality ICOs, 18 blockchain infrastructure projects, 17 marketing and advertising ICOs and 16 ICOs each for social networking and communication, commerce and retail, and banking and payments.
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