The Crypto Boom of 2017: A Retrospective
Ah, 2017 – the year when Bitcoin was the equivalent of digital gold, Ethereum wasn’t just a weird word your tech-savvy friend threw around, and investors saw more green than a salad bar. Based on recent research from the Crypto Finance Conference, those who jumped on the bandwagon certainly had a reason to celebrate. The average return on investment (ROI) across the top ten crypto deals topped a jaw-dropping 136,000 percent!
Top Performer: IOTA (MIOTA)
Leading the pack like a superhero with a cape is none other than IOTA. This Internet of Things (IoT) darling notched an astonishing 614,934 percent return! Why? It’s all about leveraging the Tangle system, which ditches traditional blockchain mining for a more efficient directed acyclic graph (DAG). Imagine a highway that allows multiple cars to zoom past without congestion – that’s IOTA’s way of processing transactions, and it’s projected to support a whopping 75 billion connected devices by 2025!
Second Place: Nxt
Nxt, a decentralized ecosystem that focuses on crowdfunding, governance, and trading, follows closely with returns exceeding 500,000 percent. Nxt has shown investors that the future is all about democratizing technology and enhancing the traditional methods of funding projects.
Ethereum’s Rise
Next up is Ethereum (ETH), co-founded by the visionary Vitalik Buterin. This open-source platform is not just a pretty face; it generated a sizzling 141,000 percent return for its investors. Buterin famously dreams of turning Ethereum into a “world computer,” and by 2017, many were starting to believe that dream was becoming reality.
Insights from CFC’s Andrea-Franco Stöhr
Andrea-Franco Stöhr, co-founder, and CEO of CFC, offers some enlightening words regarding these findings:
“No project in the top ten had an ROI that was less than 6,000%—gains that are unfathomable for investors in many other markets.”
Stöhr highlights that these remarkable figures emphasize the tremendous potential and real-world applications of cryptocurrency. For those with foresight, investing in foundational projects could redefine the internet within the next decade.
The Road Ahead: Building for the Future
As the dust settles on this fabulous financial frenzy, industry figures such as Alexis Ohanian, a co-founder of Reddit, are looking ahead, advocating for investments in the foundational aspects of the crypto ecosystem. He summarizes his view on crypto investments as focusing on the “picks and shovels” that will build the sturdy infrastructure necessary for enduring growth. After all, the real money often lies in the structure, not just the flash.
+ There are no comments
Add yours