Those who existed in 2017 probably remember the initial coin offering (ICO) craze, which saw swaths of new projects spring up, many of which generated staggering returns for participants in a matter of weeks or months.
Although many ICO-funded projects turned out to be scams, a small proportion grew and evolved to become today’s heavyweight blockchain platforms, including Ether (ETH), (FIL), (DOT), and (ADA), each of which which are among the 30 largest crypto assets by market capitalization.
The average ICO generated a whopping 1,320% gain for short-term investors, making them one of the most attractive investment opportunities in recent years, despite their less than stellar long-term performance overall.
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