The cryptocurrency industry has seen a major influx of new projects over the years. A lot of them came in the form of ICOs and IEOs. Not all projects are successful, but the following ones are all noting strong current ROIs. Statistics are provided by CryptoRank, and denominated in USD value.
It has been a wild ride for ChainLink, for many different reasons. The project faced a seemingly uphill battle at first, and it has now surpassed Bitcoin Cash in terms of market cap. A remarkable feat of strength, but it is evident there is still room for future improvements. Initial ICO investors will be very happy with the way things have been going lately.
To be more specific, the current LINK ROI in USD value is a 135.34x. It is down from the all-time high of 180.76x, but all markets are going through their own struggles right now. Considering how every LINK was sold initially for a price of $0.011, the project has come a very long way indeed.
Initially somewhat ignored by the masses, Cosmos has done a tremendous job to gain more recognition in recent months. It is now a more than viable ecosystem to build DeFi solutions on. More and more projects are exploring what this ecosystem can provide, and some are already reaping the rewards.
In terms of being a successful ICO, Cosmos has done a good job, all things considered. From the initial sale price of $0.1, every ATOM is now valued at over $8.7. This represents a current ROI of 87.52x, down from the all-time high of 315.86x. It will be interesting to see if that ATH ROI can be reached again in the future, as nothing is impossible.
Blue Whale (BwX)
For a project that very few people have heard about, its ICO is proving to be quite successful even today. Similar to most initial coin offerings, its all-time high ROI is a lot higher. Considering how this project has a market cap of just $2.4 million, the current 58.27x ROI on the $0.00095 token isn’t terrible by any means.
What is worrisome, however, is how Blue Whale initially raised $22.7 million through its ICO. Its current market cap is less than 10% of that amount, yet the token maintains a very high ROI. Investing in such offerings is always a risk factor. It seems unlikely that the all-time high ROI of 224.56x will be reached again.
For those unaware, Aave is currently the top DeFi platform. It has grown by leaps and bounds, and continues to attract a lot of attention. Considering how this project was initially sold as an ICO token, it is evident that investing in early one would have been a rather smart decision. Hindsight is always 20/20 when it comes to financial markets.
During the ICO, Aave raised $17.86 million and sold LEND for $0.0173. today, that token is worth $0.715 and Aave has a market cap of almost $1 billion. This represents a current ROI of 41.35x, not too far from the ATH of 44.73x. It will be interesting to see if a new all-time high ROI will occur later this year. Much of that will depend on Bitcoin’s overall performance, which remains impossible to predict.
Launching a prediction market through an ICO token sale was considered a major gamble a few years ago. For the Augur team, it was an interesting decision, but one that has seemingly paid off quite well. Following the recent upgrade to Augur v2, the platform is starting to hit its stride, by the look of things.
Investing in the Augur ICO has proven lucrative as well. Initial REP tokens were sold for $0.6, and are now worth $22.92. This is a 38.21x ROI, although the all-time high of 242.47x is a lot higher. How high the value of REP can go, is anyone’s guess. Keeping tabs on token sales is still worthwhile, even in 2020.