ROI of Top Crypto Deals in 2017 over 136,000%
During the Crypto Finance Conference (CFC), analysts revealed the results of research done on the top 10 cryptocurrency deals made in 2017. The findings showed that on an average, each project has given an ROI (Return on Investment) of over 136,000%.
Biggest ROI
Projects that had raised more than $1 million via funding in 2017 had been considered for this research study. And of these projects, IOTA (MIOTA) gave a mindboggling 614,933.98% ROI to its investors.
The IOTA project is a cryptocurrency platform using the Tangle system, rather than a Blockchain and it focuses on the Internet of Things (IoT). This means, it doesn’t use “blocks” but rather a DAG (directed acyclic graph). A DAG is a topological system where various transactions run simultaneously on multiple chains within the network. According to analysts, the IOTA project is expected to reach 75 billion IoT connected devices by 2025.
Other Projects
The second place in terms of ROI according to this research goes to Blockchain powered project Nxt, which focuses on governance, crowdfunding, digital asset exchange and cloud services. Those who invested in this project last year have already seen an ROI of 500,708.33%.
The open-source Ethereum Project, based on the Blockchain, comes in at third place, with returns of 140,987.14% on investments.
Other projects that figured on the top 10 list were Stratis, which gave an ROI of 34,142.86%, Spectrecoin, with an ROI of 19,318.80%, Neo, with a 17,718.09% ROI, Ark, which gave its investors returns of 12,800%, Storjcoin, with an ROI of 6,951.06%, Lisk, offering an ROI of 6,763.16% and Komodo, which gave its investors an ROI of 6,681.82%.
According to the co-founder and Chief Executive Officer of the Crypto Finance Conference, these research findings revealed a number of interesting points. First, not one of the top 10 crypto projects on the list gave less than a 6,000% Return on Investment, something that is unheard of in any other market.
Secondly, these projects clearly prove that cryptos do have a massive range of real world applications.
And finally, the projects that gave the highest returns have been infrastructure projects, companies that are laying foundations for the future that will redefine how the internet and other technologies will work in the next 10 to 15 years.
It wasn’t just the CEO of CFC that made these observations. A few days ago, the co-founder of Reddit and CEO of venture capital firm Initialized Capital, Alexis Ohanian said that he was betting on the “picks and shovels” of the still young cryptocurrency space, projects that are focusing on building the infrastructure that will give this industry strong foundations.