Report: Vast Majority of ICOs Trading Significantly Below Their Listing Price7.21

A recent report from Ernst & Young found that nearly a third of all cryptocurrencies that have been financed through online fundraisers, like initial coin offerings (ICOs), have lost almost all their value, while the vast majority of them are currently trading below their listing price.

The report, which was first published today, gathered its data from 141 cryptocurrency projects that issued their tokens through ICOs in 2017. It found that the 2018 cryptocurrency crash has significantly affected both ICO tokens and previously established cryptocurrencies.

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