According to the study, an average investor earns returns of 179% from the ICO price to the first day’s opening market price. They earn 82% even if there is a lag of more than 60 days after listing of tokens and 48% some 30 days after trading begins.
Read moreHow does an ICO project make money?
For ICOs, crypto companies raise funds through the sales of coins or tokens . In both cases, investors are bullish, whether about the company or the cryptocurrency, and invest based on some belief that the asset’s value will increase over time.
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