Crypto Finance Conference Reveals Top 3 Projects (ETH, IOTA & NXT) In 2017
Crypto Finance Conference (CFC) Analysts supposedly took a look back at the cryptocurrency market of 2017. In doing so, they were able to pinpoint three cryptocurrencies that brought investors over 140,000% return on investment (ROI). The results were supposedly first discussed with Cointelegraph on July 27, 2018 and it appears that the top three picks were none other than IOTA [MIOTA], NXT and Ethereum [ETH].
IOTA is a protocol that focuses on connecting devices through verification of truth and transactional settlements. In particular, the project entails a model that processes transactions without fees and ensures that one’s data remains theirs – with the option of selling it however the rightful owner chooses to. Its platform is based on the Internet-of-Things (IoT) with the Tangle system embedded within it.
What makes IOTA unique is their reliance on the directed acyclic graph (DAG), where transactions are completed in chains within its network as opposed to blocks. As for its ROI, CFC concluded that for the year 2017, IOTA’s ROI was 614,933.98%.
The second highest ROI, sitting at 500,708.33% is that of NXT. NXT is an open source blockchain platform that houses several features such as an asset exchange, marketplace, voting system and its native token, NXT. Like IOTA, NXT also stresses the importance of having control over one’s data, privacy and money to name the least.
Lastly, Ethereum was able to secure a ROI of 140,987% in 2017, making it the third highest to date. The blockchain platform and currency has been known for being the second largest, right after the giant of all cryptocurrencies, Bitcoin, which is enough of an indicator of success. Several of the altcoins that exist today have used the Ethereum blockchain as its foundation.
Co-Founder and CEO of CFC, Andrea-Franco Stohr shared a few comments on the findings. For the most part, she makes the argument that cryptocurrencies have proved themselves to bringing real life use in today’s society.
She also pointed out that
“no project in the top ten had an ROI that was less than 6000.”
Stohr wraps her statement up by saying:
“The extreme success of infrastructure projects suggests investors should be seeking foundational companies that will redefine the internet in the next 10 to 15 years.”