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ICO returns down over 1300% in 2018, according to report

source-logo  chepicap.com 15 January 2019 14:10, UTC

Crypto market analysis platform CoinGecko has just released its full report for 2018. Amongst other interesting findings in this 83-page document, it showed that ICO returns were down over 1300 percent in 2018 compared to 2017.

The report showed that, despite the huge growth in the ICO market in 2018, most token-funded projects did not turn a profit for their investors. The average result after a successful ICO was a loss of 67.9 percent. This compares unfavourably with 2017, when an average ICO would see returns of 1280 percent.

We have just released our 2018 Full Year Crypto Report featuring 83 pages of crypto insights. We worked together with @_mn_o_, @dapp_com, @tokenmarket and @nonfungibles to come out with this report. Here is a Slideshare upload:https://t.co/552JxDVhxZ

— CoinGecko (@coingecko) January 15, 2019

A total of 1941 ICOs were launched in 2018, of which 943 were successfully completed. This is over double the amount seen in 2017. A total of $16.5 billion was raised by the successful ICOs, compared to $5.6 billion in 2017. Most of these funds were raised in the early part of the year, with ICO investment steadily falling month-on-month, excepting a slight recovery in June.

Singapore has established itself as a hub for ICO investment, with a total of 228 successful projects in 2018. The U.S. was just behind this with 195, while the UK was in third place with 165. 

Read more: 2018: A Bitcoin and cryptocurrency year in review

5th-largest cryptocurrency EOS was by far the most successful ICO launched in 2018, raising over $1 billion and subsequently maintaining a market cap above that amount. Zilliqa has managed to attain the second-highest market cap of any 2018 ICO, with well over $100 million despite initially raising less than this. At the other end of the scale, TaTaTu raised the second-largest amount of funds at the ICO stage (just under $1 billion), but now has a market cap barely over $1 million.

chepicap.com