Report Shows Top 10 Crypto Deals In 2017 Returned Over 136,000% On Average
Research into the best ten crypto deals last based on their investment returns (ROI) has revealed on average each returned more than 136,000 percent, as indicated by information disclosed to Cointelegraph by Crypto Finance Conference (CFC) researchers July 27.
Out of all the crypto projects that raised at least $1 million out of 2017, IOTA (MIOTA) secured an amazing 614,934 percent return for investors, fixing the best spot in the researchers’ rankings.
IOTA is an Internet of Things (IoT)- focused crypto platform that uses an alleged Tangle system. The protocol is not the same as blockchain, in that it doesn’t utilize “blocks” or mining, but instead is based upon a directed acyclic graph (DAG) — a topologically ordered system in which distinctive sorts of transactions run on various chains in the system at the same time. CFC takes note of that the task is “expected to reach 75 billion connected devices by 2025.”
In second place is Nxt, a blockchain-controlled, decentralized ecosystem that concentrates on crowdfunding, administration, cloud services and digital asset exchange. investors in the project’s native NXT token saw returns of more than 500,000 percent.
Open-source blockchain platform Ethereum (ETH) — co-founded by Vitalik Buterin, who has described the project’s desire as nothing short of becoming a “world computer” — positions third, subsequent to conveying more than 141,000 percent comes back to its investors.
Andrea-Franco Stöhr, the prime supporter, and CEO of CFC said of the exploration discoveries:
“No project in the top ten had an ROI that was less than 6,000%—gains that are unfathomable for investors in many other markets. These numbers demonstrate the strong upside and myriad real-world applications for the cryptocurrency. Also, the extreme success of infrastructure projects suggests investors should be seeking foundational companies that will redefine the internet in the next 10 to 15 years.”
Prior to this week, Reddit co-founder Alexis Ohanian — whose VC firm Initialized Capital was one of Coinbase’s first investors and gave his own point of view on crypto investments. Ohanian said his bets are on “the picks and shovels” of the nascent space — as it were, those projects that are building the vigorous yet in fact “unsexy’’ system that will make the industry’s foundation strong.
