http://albertmurphy.com/
Size – The Bigger The ICO is, the Better…Right? Wrong!
One of the most widely spread misconception is that the bigger the amount a project manages to raise or targets, the better that project is and the higher the probability for future profits when it goes to aftermarket trading. This is because people are driven by emotion, and the one which is particularly dangerous is the fear of missing out. This particular emotion might happen when you see big amounts of money going to a project with a big community, and thousands of people buying in. This is particularly valid for large projects. This situation could result in making an impulse and irrational decision that you can regret.
Before we continue, let’s analyze some of the “big ICOs” compared to some smaller range projects that just took place and in which I personally invested during the ICOs and how they are performing on the aftermarket that followed the tokensale events.
Hype driven Oversized ICOs$15M – $250MNO! |
Value driven Small Sized ICOs$2M – $10MYES! |
| Bancor (BNT) – Raised $153 Million $4.49 Open Price in June 2017 $1.92 Current price as of Nov 13 2017 -60% price drop in 6 months |
XPlay (XPA) – Raised $6.9 Million $0.013 – Open Price – Sep 2017 $0.022 – Current Price – 13th Nov 2017 Increase of +70% in 1.5 Months |
| Tezos (XTZ) – Raised $232 Million $1.91 Opening Price in Oct 2017 $1.49 Current Price as of Nov 13 2017 -22% price drop in 1 month |
Adex (ADX) – Raised $10 Million $0.2 – Open – June 2017 $0.91 – Current Price – 13th Nov 2017 Increase of +455% in 6 Months |
| Kyber (KNC) – Raised $50 Million $1.85 Opening Price in Sep 2017 $1.12 Current Price as of Nov 13 2017 -40% Price drop in 2 months |
Iconomi (ICN) – Raised $10 Million $0.19 – Open Price – Oct 2016 $0.98 – Current Price – 13th Nov 2017 Increase of +515% in 11 Months |