- Many ICOs in 2017 have seen their tokens lose market worth regardless of excessive fundraising quantities.
- Polkadot and Cardano have considerably outperformed their preliminary ICO valuations.
- Regardless of elevating vital quantities of capital, Bancor and TenX have struggled to keep up worth.
An evaluation of 2017 Preliminary Coin Choices (ICOs) reveals a stark distinction between the early fundraising success of a number of outstanding blockchain initiatives and their present market valuations. The disparity sheds mild on the character of the cryptocurrency market and the challenges confronted by initiatives searching for to keep up their long-term worth.
The evaluation, revealed by Wu Blockchain on his X (previously Twitter) account, particulars how a lot cash numerous blockchain initiatives have raised of their ICOs and their present market valuations, highlighting each the successes and challenges these efforts face.
In 2017, a number of blockchain initiatives raised vital quantities of cash by ICOs. In response to the info, EOS raised 7,211,776 ETH, price $4 billion on the time. Filecoin raised 321,711 ETH, price $257 million, and Tezos raised 65,681 BTC and 361,122 ETH, price a complete of $232 million.
Presently, the valuations of those initiatives have modified dramatically. EOS, initially valued at $4 billion, is now valued at $22 billion, with a token market worth of $905 million. Filecoin's ICO worth has elevated from $257 million to $980 million, with a token market worth of $2.693 billion. Tezos, initially valued at $232 million, is now valued at $4.8 billion, with a token market worth of $789 million.
Some initiatives, akin to Polkadot and Cardano, have considerably outperformed their preliminary ICO valuations, with present token market caps of $9.135 billion and $15.714 billion, respectively. These initiatives have demonstrated robust market efficiency and sustained investor curiosity, reflecting robust growth and adoption within the cryptocurrency house.
The evaluation additionally highlights initiatives with various levels of success, akin to Bancor, which has raised 390,000 ETH and is presently valued at $1.19 billion, however has a low token market cap of $80 million, and TenX, which has raised 245,832 ETH and is presently valued at $750 million, however has a low token market cap of $1.75 million.
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