Investing in virtual currencies has been very profitable throughout the years. Of course, there are a few exceptions, but digital assets have grown in value and have shielded very high returns for investors from all over the world. One of the different ways a digital asset has to increase in value is by being listed in a recognized virtual currency exchange.
Investing In Cryptos Before Being Listed On Large Exchanges
DataLight, a recognized firm that analyses the crypto market, released a report in which they show which would have been the return for investors if they placed their funds in these digital currencies before they were listed on exchanges.
The company released a chart in which they show the cryptocurrency ROI for the largest digital assets in the market.
Those that invested $100 in Ethereum when it was launched, they would have $68,305. When Ethereum was sold to the market as an ICO, 2000 ETH were sold for $550, approximately. Not surprisingly, those that invested in Bitcoin when it was worth just a few cents, would now have more than $1.3 million.
Nonetheless, there are other projects such as Bitcoin SV (BSV), IOTA (MIOTA) or Bitcoin Cash (BCH) that were not profitable. Indeed, those that invested $100 in Bitcoin Cash would now have just $24.
Investments in other Initial Coin Offerings that couldn’t release a product to the market have also generated large losses for digital currency investors.
Users should be very careful at the time of making an investment. There are some projects that seem to offer incredible solutions to many problems in the market but end up being just fake or fraudulent ICOs. There are just a few projects that reach the top 50 or top 100 in CoinMarketCap. Meanwhile, thousands of tokens were released to the market in the last years.
Today’s Top Crypto Coin Price Predictions: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and EOS Forecast