August 7, 2019, 11:41AM EDT
• 3 min read

A post-mortem on the ICO bubble: at least 89% of ICOs are in the red

Quick Take

  • The average ICO in this data set raised $36.2 million while the median raise was $18 million
  • In terms of USD, a maximum of 10.8% of ICOs have a positive return while only 7.7% have outperformed bitcoin
  • The five best-performing projects that had an ICO are Ethereum, IOTA, BNB, NEO, and Stellar

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