2019 has proven a challenging year in which to launch a crypto startup, with the most successful tokens recording only modest returns. Investors chasing the sort of double-digit returns that were one commonplace have been mostly frustrated by a markedly more conservative market in which picking a winner has called for a combination of shrewdness and serendipity.
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Then and Now
In crypto, timing is everything, and for traders smart enough to sell at close to the all-time high (ATH), considerable profits are still possible. The trouble is, the ATH only becomes evident after the fact. Most of the ICOs and IEOs of 2019 can hardly be considered moonshots, but there have still been a few good performers that have at least skimmed the upper atmosphere, if not broken through the stratosphere.
In April, when news.Bitcoin.com examined the first wave of IEOs in Moon Landing or Misfire? we reported that Kamari (KAM), which was issued on ZBG Launchpad, had an ROI of 7X in…