A large number of high profile, oversubscribed and sold-out-in-minutes ICOs have listed on exchanges recently, so we took a look at how they are performing so far.
Price performance so far has been in line with the current market sentiment, i.e. poor. Even though InsurePal sold out in just 2 minutes, as did Medicalchain and CargoX, with GAS prices that went through the roof just to get your transaction through, the tokens have mostly disappointed once they entered the open markets.
A few of them offered very short time periods were moderate profits could have been taken, but now most of them are under their initial listing price. Let’s have a closer look.
A quick look over the charts pretty much says everything you need to know, but let’s have a closer look at the numbers, to get a better idea of how these ICOs have performed so far.
While all ICOs listed on exchanges above their ICO price, the window for profit taking was short in most cases or the multiples achieved have been disappointing so far. OriginTrail and SportyCo have performed the best out of the group, but only OriginTrail is currently still above its exchange listing price.
To be fair not all tokens have been on the market the same amount of time or have been listed on major exchanges (just look at some of the very low 24-hour volumes), however it still paints a fairly worrying picture for any future ICO investors.
The days of 10x, 100x and even 1000x profits look like a distant memory at the moment. It’s probably safe to say that the ICO space is entering a more mature phase, where market players are no longer FOMO-ing in. The crazy, manic, wild west token price action days, at least for now, appear to be over.
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