Chainlink And Cardano Are Thousands Of Percent Up Since ICOs
The prices of Chainlink and Cardano are thousands of percent up since their respective initial coin offerings (ICOs). Despite the fact that it’s been a rough couple of years for a lot of coins on the market, these three are now in the spotlight of the news.
If we start with the Chainlink news, we will see that LINK has had a stellar year. The poor performances of altcoins are even more striking when you see them on an asset-to-asset level. However, both LINK and Cardano (ADA) haven’t suffered from something like this.
Ethereum, on the other hand, now trades at $230 and is down by nearly 85% from its all-time high. XRP is down by more than 90% from the all-time high above $3, and these are only two assets out of many that post negative gains.
However, data published by the crypto data analyst Vivek shows that there are multiple ICOs including Chainlink and Cardano, as well as Binance Coin, which have outperformed Bitcoin over recent years despite the entire altcoin crash.
If we compare the prices of a number of altcoins at ICO to their current prices, we will see that:
- Ethereum is the best performing ICO with a 77,800% percent gain from its initial price offering
- NEO comes in second with gains of 5,200%
- Chainlink is third as it is up by 4,800% from its ICO date
The ICO's with the highest ROI: Ethereum (77,800%), NEO (5200%), Chainlink (4800%), Stratis (4800%), Komodo?? (3500%), Cardano (3300%), Augur (3000)%. BNB and IOTA also in the mix.
— Vivek (@realvivek_) June 23, 2020
However, it is still worth mentioning that the prices this analyst refers to are the opening prices of the coins and not a point where they managed to attract investors. In fact, only Chainlink is having the best year and is above its price during the 2018 bull run.
Another analyst and angel investor at Robinhood, Trello, Uber and other tech giants named Jason Calacanis recently shared that he is bearish on a large majority of cryptocurrencies. As he summed up, even 99,9% of them are “garbage run by unqualified idiots.”
Historically, 99% of crypto projects are garbage run by unqualified idiots, delusional but below average founders or grifters… the 1% that are not, could change the world.
I’m waiting for that 1% to deliver their product so I can talk to their customers.
you got customers?
— firstname.lastname@example.org (@Jason) June 27, 2020
That being said, while the prices of Chainlink and Cardano are the brightest altcoins to look out for this year, it is worth noting that there are many mixed opinions on the markets by traders and analysts.
Therefore, the best way to invest in crypto is by following your own gut and only spending an amount you are comfortable to risk. For more information and the latest updates on cryptocurrency prices, visit our daily crypto news section!