There is one common characteristic of cryptocurrencies. They all had a humble beginning. For instance, Bitcoin was almost worthless in 2009. Its rise to success was a little bit slow as it took some time to gain some traction. The same can be said of Ethereum, Litecoin, NEO, and others, the ICO database is full of humble tokens like these. They were at the time a crypto coin for upcoming ICOs. Now, they are the major coin everyone keeps talking about.
Now in 2019, there are a lot of top upcoming ICOs, but can they repeat the success of the past ones? Yes, but most of it depends on the project behind the ICO. Ethereum, Litecoin, and NEO all had a project in mind that made their token sales successful. But their success didn’t end there, the price of the token rose to levels far higher than their ICO token level. The success of their project made it happen.
ICO success mostly depends on hype on the project behind the ICO tokens and also the backers of the project. The success of NEO is sometimes attributed to the government and public support it received. The same is true for other cryptocurrencies. In all upcoming ICOs could be a goldmine if:
1. It is popular among investors.
2. ICO project ideas are great ideas.
3. If the investors understood the idea as great.