How do ICOs peform in their first 30 days?
After kurt braget posted his performance of 100 ICOs back in January, I’ve been wanting to see how ICOs were doing in their first month on the market — especially during a market that has been in a limbo/downturn as we have seen in early 2018.
For this study, we selected 50 random ICOs from our database that ended in 2018. Then took these screenshots of the 30 days price graphs since the end date of the ICO.
See any patterns?
I find it really interesting to scroll through these charts and look for patterns / reasons that some of these ICOs behaved so differently from others.
If you have any theories / explanations, I would love to hear them — please put them in the comments below!
30 Day ICO Performance Graphs
1 . Legolas Exchange (LGO) — Legolas creates a new decentralized blockchain protocol that guarantees full transparency and prevents front-running and market manipulation. Legolas combines features of both centralized and decentralized architectures in order to exploit the best of both worlds: fiat support, strong authentication, simplicity, as well as transparency and fairness.
2. HireMatch (HIRE) — HireMatch.io is patent pending decentralized employment marketplace that doesn’t rely on traditional recruiters or “headhunters”. By employing user agents on the HireMatch network, a P2P decentralized job market will be created using our token as an incentive to user agents to submit and verify applicants.
3. CargoX (CXO)— CargoX aims to disrupt the global logistics industry by tokenizing Bill of Lading document. With the tokenized Bill of Lading document users will be able to state and transfer the cargo ownership rights and value without the hassle of handling paper. No more Express courier fees, vault keeping and paper archiving.
4. ArcBlock (ABT) — Blockchain ecosystem for building and deploying decentralized applications.
5. Bluzelle (BLZ) — Decentralised database service for dApps.
6. Neuromation (NTK) — Distributed Synthetic Data Platform for Deep Learning Applications. The Neuromation Platform provides an exchange and an ecosystem where participants can either contribute or purchase the components of an AI model.
7. Lamden (TAU) — Lamden’s TAU token facilitates interoperability and value exchange between established cryptocurrencies and blockchain applications made with the Lamden developer suite.
8. Matrix (CLT) — Intelligent Blockchain. MATRIX leverages the latest AI techniques to revolutionize the landscape of cryptocurrency. Easier, Safer, Faster, and More flexible.
9. CPChain (IOT) — CPChain is a brand new blockchain platform specially designed for IoT.
10. WePower Network (WPR) — WePower is launching blockchain and smart contracts powered green energy trading platform where everyone can buy, trade or invest in tokenised green energy.
11.DADI (DADI) — A new era of cloud computing services, powered by blockchain technology.
12. OriginTrail (TRAC) — OriginTrail enables seamless data sharing along any supply chain. The decentralized, blockchain-supported network protocol ensures trust, transparency, and security. It helps companies exchange relevant data seamlessly and in a secure way to build accountability, protect their brands and increase efficiencies.
13. Devery (EVE) — The Devery platform allows suppliers and consumers to prove the authenticity of their products online before purchase, essentially removing the need for ‘trust’ in e-commerce. It aims to protect brands and consumers from counterfeiting using blockchain powered product verification by providing unique, verifiable identifiers to each product throughout the supply chain.
14. Medicalchain (MTN) — Medicalchain is a decentralized platform that enables secure, fast and transparent exchange and usage of medical data. We introduce utilization of blockchain technology to store patient health records and maintain a single version of the patient’s true data. Medicalchain will enable different healthcare agents such as doctors, hospitals, laboratories, pharmacists and insurers to request permission to access and interact with medical records.
15. STK (STK) — STACK is a new personal finance platform, built on the idea that using your money should be free. Universally accessible, STACK is an alternative to traditional banking that allows you to store your money safely, access it instantly and transact with it anywhere, in any currency including crypto, right from your smartphone.
16. Fusion (FSN) — FUSION is a crypto finance platform that integrates the values of multiple blockchains/tokens onto a single system through the management and control of multiple token private keys, and the creation of an interface for centralized organizations and off-chain data sources.
17. CoinPoker CHP — CoinPoker is a worldwide cryptocurrency-based online poker room that’s launching its ICO this November. We’re operating with Ethereum Smart Contracts and once the room will have been launched, we’re going to ensure full transparency via the use of blockchains. The RNG will be visible on blockchains, and the players will be able to see it after the game.
18. Insights Network (INSTAR) — Insights is automating the data brokerage industry via blockchain technology and smart contracts. Users securely own, manage, and monetize their data with the Insights Wallet. Data Brokerage corporations are generating $200 Billion a year in revenue. The Insights Network will transfer that wealth from corporation to consumer over the next ten years.
19. The Bee Token (BEE) — Beenest is a blockchain-based open-source decentralized housing platform that utilizes the Bee Token. Beenest eliminates the middleman, allowing 0% commissions while providing a seamless user experience. Our vision is to revitalize the travel industry and put control back in the hands of the users.
20. Sether (SETH) — Social Network Automation for Blockchain Developers. Sether is the first smart social media data oracle. Existing data oracles move data between any external source and the blockchain. Sether moves, monitors and analyses social media data for the blockchain, automating integration with social networks.
21. COPYTRACK (CPY) — COPYTRACK will set the precedent for a global, transparent and decentralized register for copyrights of digital content.
22. Zeepin (ZPT) — A Decentralized Creative Economy based on blockchain. Creative ecosystem, which has various kinds of tools (dApp): copyright protection, ensures tradable digital assets, remote cooperation, talent recruitment, and project crowd-funding.
23. Wabi (WABI) — WaBi is a digital token backed by safe products. We place secure anti-counterfeiting labels on consumer products in China and internationally.
24. StarterCoin (STAC) — CoinStarters is a ICO platform that provides a user-friendly and intuitive platform fundraising tool for entrepreneurs, innovators and creators. StarterCoin is an Ethereum-based token that gives rights and privileges to their owners when using the CoinStarter platform and its family of services. It can be used to launch a crowdsale campaign.
25. SureRemit (RMT) — SureRemit connects immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent by loved ones on goods and services at accepting merchants wherever they are.
26. QLINK (QLC) — A decentralised mobile network, dedicated to constructing an open source telecom infrastructure on the Blockchain.
27. Pundi X (PXS) — Pundi X’s mission is to make buying cryptocurrency as easy as buying bottled water. As the Walmart and 7-Eleven of cryptocurrency, we want users to buy and use cryptocurrency anytime anywhere.
28. EtherSportz (ESZ) — Ethersportz allows users to connect to Steam, the most popular online gaming platform, where they can easily play the games they’re already familiar with, either alone or on teams with their friends, to win money in our hourly tournaments.
29. Elastos (ELA) — New blockchain whith totally decentralized P2P economic infrastructure which authenticates digital rights, transfers contracts, and turns digital information into assets through blockchain technology.
30. Adbank (ADB) — Adbank is a powerful online ad platform built on Ethereum to remove costly middlemen & dramatically reduce the $50 billion problem of ad fraud using advanced AI technology. By using the Adbank platform, publishers can get paid more for their content while charging advertisers less and creating a transparent ecosystem that benefits all key stakeholders in the industry.
31. CoinFi (COFI) — CoinFi offers crowdsourced and professionally curated research, analysis, trading signals, trading algorithms, and market-moving news to give cryptocurrency traders the real-time market intelligence needed to gain an edge. It’s been called the most powerful cryptotrading analysis tool and the first decentralized market intelligence platform.
32. Covesting (COV) — Covesting is a Blockchain based peer-to-peer asset management and copy-trading platform. Investors can easily browse through dozens of trading strategies, provided by professional crypto currency traders and subscribe to the ones matching their goals. Thanks to technology-based solutions and smart-contracts, Covesting platform allows its users to replicate trading activity of a chosen Model directly into their segregated account at Covesting.
33. Cube (AUTO) — CUBE is a security platform for autonomous vehicles based on blockchain technology. Autonomous cars rely heavily on wireless communication techniques, such as vehicle-to-vehicle, navigation route information, GPS, and other driving data.
34. Datawallet (DXT) — The world’s most powerful data exchange.
35. Gatcoin (GAT) — They are a distributed retail shopping platform. Any retailer can join their platform, upload products, and issue their own branded digital tokens to a mass consumer audience within minutes. Retail tokens can then be used to buy products, get discounts or claim rewards from merchants.
36. SelfKey (KEY) — SelfKey is a blockchain based digital identity system with an integrated financial services marketplace, designed to put identity owners in control of their personal data, and to allow them to request identity claims attestations and instantly apply for passports, residency and financial services in a safe, secure manner.
37. Pareto (PARETO) — The Pareto Network is the first peer to peer financial content marketplace. It connects providers of financial information in the cryptocurrency space with investors, providing foresight into market inefficiencies and opportunities. Content creators can earn money by sharing financial information that benefits people in the network. When investors compensate content creators, their ranking goes up which gives them faster access to more actionable information in the future.
38. ELCoin (EL) — The goal of the project is to contribute to solving a number of problems that occur in the world medicine. We offer a comprehensive solution that is based on world scientific knowledge and proprietary developments in the field of diagnostics, treatment, prevention of a wide range of diseases, including the most common ones — cardiovascular diseases.
39. Bottos (BTO) — Bottos is a decentralized data sharing network based on the Blockchain technology. It is also a consensus-based one-stop platform to implement the registration, distribution and transformation of the data among different participants within our broad-based AI ecosystem.
40. AidCoin (AID) — AidCoin is an ERC20 utility token that allows people to donate to charities while easily tracking their donations on a public ledger (AIDChain). AidCoin also allows charities to integrate a donation button (AIDPay) on their website that enables the acceptance of crypto currencies for their fundraising campaigns.
41. TheKey (TKY) — THEKEY is a second generation, onchain identity verification solution that uses personal data authenticated by the Chinese government for real world applications.
42. Telcoin (TEL) — Telcoin is a new cryptocurrency based on the Ethereum blockchain that will be distributed by your national telecom operator and made available to everyone, anytime, anywhere.
43. Lympo (LYM) — Lympo is a healthy lifestyle ecosystem creator that uses the blockchain technology to connect numerous stakeholders. Lympo generates value through the effective monetisation of user-generated sports and wellness data. This valuable information is collected via the blockchain ledger and is then used to reward users by offering LYM token incentives that can be expended on further enhancement of a good lifestyle.
44. InsurePal (IPL) — InsurePal is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of blockchain innovation.
45. SingularityNET (AGI) — SingularityNET is a protocol for coordinating, discovering, and transacting AI algorithms at scale. SingularityNET makes a decentralized global market for AI services possible in which parties own their own data. It also dramatically lowers the barriers to using AI: by wrapping AI algorithms for the SingularityNET, we will create a simple and open standard for interacting with these algorithms.
46. Experty (EXY) — Experty.io is the first Ethereum powered voice and video application which allows users to monetize their time, knowledge, and expertise on a global scale.
47. AppCoins (APPC) — AppCoins is a cryptocurrency for app stores that gives app users new purchasing power, unleashes monetization potential for developers and increases app safety.
48. Gladius (GLA) — Gladius is the decentralized solution to protecting against DDoS attacks by allowing you to connect to protection pools near you to provide better protection and accelerate your content.
49. Gems (GEM) — Gems is a protocol for contracting workers to perform micro tasks.
50. REMME (REM) — REMME technology eliminates passwords and human error to provide a high-end security system that is easy to use without compromising security.
Conclusions
My overall conclusion here is that there is not a lot of diversity in the overall performance of coins over 30 days. Most of these lie pretty flat during the first 30 days or longer…
Take a look at this chart of ETH from 2015 until 2018.
In some cases, an ICO such as GEMS — which was so highly anticipated that the waitlist became it’s own traded commodity —declined to 1/4 of the price in less than 30 days. (Gems sale ended Feb 16.)
Other ICOs, such as OriginTrail seem to have sold out in the presale on Jan 17 — they were supposed to have a crowdsale on Jan 29, and instead tokens hit exchanges and the volume went insane in the next few days over the scarcity of this token… then, soon leveled out.
Or… Is it possible that this OriginTrail surge was created by hired “market makers?” Little birds have told me that there are people with 0-fee deals on certain exchanges (cough, Asia) who can pump the volume and price of your coin by trading it between themselves for a fee… but that is a discussion for another day.
