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The price of tokens 86% of the largest ICO 2017 is lower than the original, research EY

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British auditing and consulting giant Ernst & Young (EY) published a report on the current status of the most significant 141 of the 372 ICO-projects of the last year, which accounted for 87% of investments attracted in this field. The findings of the auditors suggest that the so-called “class of 2017” now “doesn’t inspire much confidence.”

Over the year, the price of tokens 86% of projects fell below their price since they were listed, while 30% lost a significant part of their value, and the 10 most successful ICO projects of the last year showed a positive trend.

The working version of the product was created by 25 projects (29%), 13 of them made it before the end of 2017, and 7 accept payments in both cryptocurrencies and fiat currencies, which further reduces the value of tokens to users.

EY believes that investors who as of January 1, 2018 collected a portfolio of assets of the “class of 2017” today have lost 66% of investments.

Recall that, according to the information of the analytical company Diar published a month ago, 70% of the tokens in circulation now cost less than during their offer.

Among the most unsuccessful projects in terms of the ratio of funds raised and current market capitalization were:

  • Bancor ,
  • Sirin Labs
  • PumaPay
  • Envion
  • Paragon,
  • Bankex
  • Cryptosolartech,
  • Kin,
  • Olympus Labs,
  • Leadcoin

  • bitcoinBitcoin (BTC) $ 19,235.64
  • ethereumEthereum (ETH) $ 1,302.82
  • cardanoCardano (ADA) $ 0.426155
  • polkadotPolkadot (DOT) $ 6.29
  • litecoinLitecoin (LTC) $ 52.80
  • chainlinkChainlink (LINK) $ 7.28
  • stellarStellar (XLM) $ 0.120060
  • bitcoin-cashBitcoin Cash (BCH) $ 116.17