Research conducted by Boston College Study says – About 56 percent of crypto start-ups that raise money through token sales die within four months of their initial coin offerings. The researchers who examined 2,390 ICOs that were completed before May, stat that only 44.2 percent of start-ups survive after 120 days from the end of their ICOs. The study also highlighted that The strongest return is actually in the first month and once you go beyond three months, at most six months, they don’t outperform other cryptocurrencies.
Some of the reason we see a decline in the returns is start-ups have become savvier about pricing coin offerings and more have people jumped into ICO investing. Read more at Bloomberg
Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your cryptocurrencies.