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.
Top 5 cryptocurrencies ranked by ROI
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 in January.
Top 5 assets ranked by ROI since ICO. Source: CryptoRank
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.
Ethereum (ETH)
The ultimate winner on the list, Ethereum (ETH), has increased its ROI by 5,163 times since its ICO on July 22, 2014, taking into account that its original selling price was around $0.311 and it changed hands 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.
Ethereum 30-day price chart. Source: Finbold
BNB (BNB)
Binance Coin (BNB), the native token of cryptocurrency trading platform Binance, originally sold for $0.150 each during its ICO on July 1, 2017, while it was trading at $304.26 at press time, recording ROI gains. 2,028 times.
Meanwhile, Binance Coin has increased its price by 1.3% on the day, 5.79% over the previous week and by 24.87% in the last 30 days, with a market cap of $48.11 billion, according to data received by Finbold on Jan. 26.
BNB 30-day price chart. Source: Finbold
IOTA (IOTA)
In third place is IOTA ( IOTA ), which made its initial coin offering on November 25, 2015, while the token was available for purchase at $0.00059, increasing its return on investment 384 times since then and currently trading at $0.226.
Currently, the price of IOTA is up 3.5% in the last 24 hours, in addition to the 12.69% growth in the previous week and the cumulative monthly gain of 29.23%, with a market cap of $630.65 million. took place as
IOTA 30-day price chart. Source: Finbold
Polygon (MATIC)
At the same time, Polygon (MATIC) has posted a 380x value return on investment since its original fundraising on January 1, 2018, priced at $0.00263 at the time and now changing hands at $0.999 with a market capitalization of $8.68. billion.
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 its gains over the last 30 days.
MATIC 30-day price chart. Source: Finbold
COCOS BCX (COCOS)
Surprisingly, blockchain platform for metaverse and digital games COCOS BCX (COCOS) climbed 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.
At the time of publication, COCOS was trading at $0.633, up 2.18% from the previous day, despite a lower market cap compared to other major ROIs ($44.9), up 11.37% weekly and 18% monthly. Added 19 increments. million.
COCOS 30-day price chart. Source: Finbold
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.
Disclaimer: The content on this site should not be considered as investment advice. Investment is speculative. When investing, your capital is at risk.
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