ICO returns study with ICODrops (part 2)
This is the second part of our study of ICO returns. In part one we analyzed correlation of ICOdrops community ratings with ICO returns. (if you haven’t read our previous article, you can do it here).
The main goal of all our researches is to make right ICO’s investment decisions by our team. During ICODrops rating research we have found a very useful data for us(besides main results). So we decided to share this data with all community. But, please, do your own research before making any decisions.
We decided to use ROI(return on investments) in ETH as main. Lets start.
ICO categories and ROI
Here is the top ICO categories by ROI. Exchanges did the best returns, almost x2 times bigger than second place.
Pay attention to the number of ICOs in each category: the more ICO are in category — the fairer is accuracy. Blockchain category has better accuracy with returns, then first two.
Also, keep in mind, that ICODrops adds only pre-selected (means preliminary trustworthy) ICOs to their website. This study of ROI by categories of ICO, most likely, can not be acceptable for the rest of ICO, that not in base.
For your convenience, all next tables we collected in one spreadsheet here.
The worst ICO categories by ROI. Real estate — is the worst, investors lose 4/5 of their investments.
Percentage of token for sale and ROI
We’ve heard a lot of presumptions, but here is the real data.
The graph shows us the basic simple conclusion: the less % percentage of token for sale — the better is ROI.
Does the ICO returns decrease over time?
We hear all the time that there is a bearish market nowadays but there were months with the worst ROI.
The graph shows us that the last February had the 4th worst result with +10% average. March must be better!(we think:)
Does ICO need Reddit?
Small advantage is on the side of ICOs that do not have Reddit, but the difference in data is at the level of statistical error. The main conclusion: Reddit do not affect the ROI ICO (ICO team members: do not waste you time with Reddit).
Why we do such studies?
We have our aggregated WalrusCap ICO score, and we need to improve our rating day by day for our own team, and for others, who use it. These studies help us do it.
Here is the screenshot of our ICO score (google docs version of our score you can find here).
P.S. (part 3 of the study)
We also have more interesting data for you! In the part 3 we will tell you how fundraising goal affects on ROI, and do token type, KYC and whitelist availability influence on ROI or not. Our plans are to share this with you next week. Stay tuned!
Please join our Telegram https://t.me/walruscap or Twitter https://twitter.com/WalrusCap to receive next part of our study. You also can subscribe to our Medium clicking green [follow] button.
Also, If you enjoyed this article, you can say thanks by clapping a little on the green hand below.
Thanks!
