Investment returns to date for ICOs held in 2017 vs. 2018

The cryptocurrency market of 2017 was characterized by high-flying prices and irrational exuberance for an asset class still in its infancy. As prices cratered back to reality, investor interest in initial coin offerings (ICOs) began to fade, impacting the price performance of tokens sold in ICOs in 2018.

Our analysis shows that a significant number of tokens sold in early-to-mid 2017 provided generous returns for investors to date despite the market downturn in 2018. One notable project is Chainlink ($LINK), whose meteoric returns were driven by a series of announcements, such as its partnership with Google Cloud, earlier this year.

A look at the returns of tokens sold in 2018 illustrates the juxtaposition between market sentiment in 2017 versus 2018. The lone exception is Theta Token ($THETA), which has maintained a higher price than its token sale price tag since its mainnet launched on March 15, 2019.

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