The auditing company Ernst & Young presented a report on the dynamics of prices of tokens from the list of the most successful ICO at the end of 2017.
At the end of 2017 EY has released a report about the ICO, which included a total of 372 projects, of which 110 could be called successful — they accounted for 87% of all collected funds. Ernst & Youn called this a collection Class of 2017, and in the latest report, released this week, they studied how the leaders of today.
It turned out that 86% of these coins is trading below the price in the listing, but 30% actually lost any value. Only 25 have a working product or at least a prototype.
Ernst & Young intend to re-audit portfolio tokens in a year.
Previously published research of the analytical company Diar, which reported that about 70% of tokens are much cheaper than at the stage of primary placement. A total of ICO projects lost $ 6 billion.
Why is it important
- It is noteworthy that, according to Ernst & Young, no blockchain platform and was unable to compete with Ethereum, although infrastructure projects have shown the best dynamics.
- The company’s experts are convinced that the volume of retail investment in industry will decline, and their place will be the venture capital firms and investment funds.
Subscribe to our Telegram-channel iHodl and stay updated on the latest news in the world of cryptocurrency.