Hello Everyone, this is Chris Kim from the HILARIUM FOUNDATION.
For the next few posts, I will be uploading a comparison analysis of the trends of
high-ranking ICOs and low-rank ICOs.
I have randomly selected two ICOs from top 100 ICO list and the other two from
bottom 100 for comparison.
The two high-ranking ICOs that I’ve chosen for today are Dash and EOS. The two
low-ranking ones are Monero Gold and OCOW.
This post is not intended to give any opinions on each FOUNDATION’s pros and cons,
technology, etc…. These FOUNDATION will be used to just compare and make analysis
of ICO trends in general.
The entire chart has been extracted from coinmarketcap.
First, let’s look at Dash, one of the high-ranking ICOs.
Its initial ICO price was 0.21 USD, beginning in 2014.
The price reached its peak in 2017.
Its highest price was 1,541USD.
Coin market was certainly expanding rapidly during this period, but this still was a
striking development…
Who would have expected to make that much profit from this ICO?
Now, let’s look at its present price.
With the general reduction of the Coin market, the price has come down to 490USD.
Next high ranking ICO is EOS— one that many of you may be familiar of.
It is the fastest among the developing platforms and has no commission.
Its ICO is still going on, selling at auction.
The initial price was 0.94 USD, beginning in 2017.
Its lowest price I believe was around 0.6 USD
Price at its peak.
I recall it was around early January when the price suddenly went up to 18USD.
Adding domestic premium to that, the price reached around 25,000 Korean Won
in Korea
Currently, the price is 5.74USD.
If you think about it, this EOS ICO, too, has gone up from
1USD -> 5.74USD…
So, this shows how, despite its fluctuations, a good investment in the beginning
will lead you to benefits without much risks.
Now, let’s examine the 100 lowest ranking ICOs.
First low ranking ICO is Monero Gold.
It initiated in February 2018, and the starting price was 0.02 USD.
Price at its peak.
I don’t know if there has been some force, but it directly went up to 0.14 USD.
At present, the price is 0.000185USD.
This Coin seems to be lost in a maze.
I didn’t look at the particulars of this ICO, but it seems clear that it wouldn’t be
so wise to participate in this kind of ICO.
Second low ranking ICO is OCOW.
It initiated in 2016, and the price was 0.005 USD.
Its price at its peak was 0.0059 USD.
There is barely any change from the beginning
Its price at present is 0.000017USD…
This one also seems to have almost no chance to recover
As you can see, there is a huge difference of price fluctuation between the highest
and lowest ranking ICOs.
It’s normal to not participate the lowest ranking ICOs.
But, in case you happen to participate in them due to uncertain information or
knowledge, you should remember that worst situations can always be avoided
at a circumstance.
Also, instead of investing your entire money into one ICO, distributing your
investment to different ICOs will lower the risks of big loss.
If an ICO goes well, you can expect over few thousand% increase in profits.
Even if it doesn’t go well, however, you can still make your loss to not exceed
100% from your initial investment, as long as you make careful decisions.
This is the end of today’s post.
Thank you for reading and have a great day!
No comments:
Post a Comment