Analysts have made a list of the top 5 cryptocurrencies, sorted by return on investment, since the initial coin offering.
These cryptoassets are posting positive returns
The cryptocurrency market is riding on a renewed wave of bullish optimism that started at the beginning of the year, but some cryptocurrencies have been posting sustained positive returns since their initial coin offering (ICO), including less-than-expected assets.
Specifically, Tom Dunleavy, senior research analyst at crypto intelligence provider Messari, shared a list of the top crypto assets ranked by return on investment (ROI) since their ICO, according to data from crypto analytics platform CryptoRank on Jan.
Among the anticipated well-known participants in the crypto space, some digital assets have made a surprise appearance thanks to their return on investment since the introductory fundraiser, climbing to the top of the best cryptos list by this indicator.
5 cryptocurrencies with return on investment
The eventual winner on the list, Ethereum (ETH), has increased its ROI by 5,163 times since its ICO on July 22, 2014, taking into account the original selling price of around $0.311 and changing hands at $1,606 at the time of publication.
Ethereum’s market cap stood at $196.60 billion, while its current price represents a daily increase of 4.94%, along with an increase of 5.97% over the past week and up to 31.06% over the previous 30 days.
Binance Coin (BNB), the native token of cryptocurrency trading platform Binance, initially sold for $0.150 each during its ICO on July 1, 2017, and was trading at $304.26 at press time. It also records 2,028 times ROI gains.
cryptocoin.com As we mentioned, Binance Coin has increased its price by 1.3% on the day, by 5.79% over the previous week, and by 24.87% in the last 30 days, increasing a market cap of $48.11 billion.
In third place is IOTA (IOTA), which made its first cryptocurrency offering on November 25, 2015, when the token was available for purchase at $0.00059, increasing its return on investment 384 times since then and is currently trading at $ 0.226.
Currently, the price of IOTA is up 3.5% in the last 24 hours, with a market cap of $630.65 million, on top of the 12.69% growth in the previous week and the cumulative monthly gain of 29.23%. took place.
At the same time, Polygon (MATIC) has recorded 380x return on investment since its original fundraising on January 1, 2018, going for $0.00263 at the time and now priced at $0.999 with a market cap of $8.68 billion. is changing.
As the charts show, the Polygon token price at press time reflects a 5.21% increase in the last 24 hours, a 6.13% increase from seven days ago, and a 22.69% increase in terms of earnings over the last 30 days.
COCOS BCX (COCOS)
Surprisingly, blockchain platform for metaverse and digital games COCOS BCX (COCOS) rose to fifth place on the list, achieving 275 times the original sale price of $0.0023 at the time of the initial fundraising, which ended on August 1, 2018.
At the time of publication, COCOS was trading at $0.633, up 2.18% from the previous day, despite lower market capitalization compared to other major ROIs, adding up 11.37% weekly and 18.19% monthly.
It is not yet clear whether these cryptocurrencies will be able to maintain strong returns on investment despite the negative developments and atmosphere in the crypto market and the broader macroeconomic landscape.
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