Research Summary
This report analyzes the most profitable Binance Launchpad projects, highlighting Axie Infinity (AXS) as the leader with 1,649x returns. The study also covers the performance of projects launched in 2022 and 2023, revealing a trend of lower initial prices correlating with better returns. However, Binance Launchpad returns are observed to be on a downtrend, reflecting the industry’s current crypto winter. The analysis is based on data from December 2017 to July 2023.
Key Takeaways
Axie Infinity (AXS) as the Most Profitable Binance Launchpad Project
- Impressive Returns: Axie Infinity (AXS) leads as the most profitable Binance Launchpad project with returns of 1,649x at its peak from its launch price.
- Peak Performance: Originally priced at $0.10 during the Binance Launchpad sale, it surged to a peak of $164.90 on November 6, 2021.
- Comparison with Others: Followed by Polygon (MATIC) and The Sandbox (SAND), AXS’s success is in line with the broader market rally in late 2021.
Performance of Binance Launchpad Projects in 2022 and 2023
- Positive Returns: All seven Binance Launchpad Projects launched in 2022 and 2023 gave positive returns, ranging from 11x to 411x the initial investment at their peak.
- Most Successful Project: StepN (GMT) stood out with 411x the initial investment, while Alpine F1 Team Fan Token (ALPINE) gave the lowest returns of 11x.
- Correlation with Initial Prices: Lower initial prices generally correlated with better returns, with exceptions emerging in 2023.
Launchpad Returns Trending Down
- Downtrend Observed: Binance Launchpad returns have been on a downtrend, with the latest project, Arkham (ARKM), generating returns of up to 16x at its peak.
- Comparison with Previous Years: This is a significant decrease from the returns generated by Binance Launchpad projects launched in 2021, reflecting the industry’s current crypto winter.
- Methodology: The study examined Binance launchpad projects with the highest returns and recently launched projects, using data from December 2017 to July 2023.
Actionable Insights
- Investment Opportunities: Consider projects with lower initial prices for potentially higher returns, as observed in the Binance Launchpad projects launched in 2022 and 2023.
- Market Trend Awareness: Be cautious of the current downtrend in Binance Launchpad returns, reflecting the industry’s crypto winter, which may affect investment decisions.
- Data-Driven Decisions: Utilize comprehensive data analysis, such as comparing all-time high prices with initial token prices, to make informed investment choices in the crypto space.
