CDS Crypto News Binance Launchpad Tokens Ranked: Top 3 Garner More Than 1000x Profits
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Binance Launchpad Tokens Ranked: Top 3 Garner More Than 1000x Profits

A recent analysis reveals the top ten profitable Binance Launchpad projects in terms of returns.

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Top 3 Binance Launchpad Tokens Generate Returns Surpassing 1000x

Crypto News– In a recent analysis, it has been determined that Axie Infinity stands as the most lucrative project to originate from Binance Launchpad, boasting an astonishing return of 1,649x. Following closely behind, the Polygon (MATIC) Network, a Layer-2 scaling solution enabled by Plasma, secures the second position with returns of 1,110x. This examination unveiled that nine out of the ten most profitable projects hit their all-time highs in the latter part of 2021.

Binance Launchpad Tokens Ranked: Top 3 Garner More Than 1000x Profits

Binance Launchpad, the platform introduced by the leading cryptocurrency exchange Binance, offers users access to promising crypto tokens from various projects. Axie Infinity, a digital pet universe inspired by Pokémon, emerged as the 17th project on Binance Launchpad, introduced by the exchange in October 2022. Although the AXS token was initially priced at $0.10 during its launch, it surged to a remarkable high of $164.90 in November. Polygon was introduced on Binance Launchpad in April 2019 with an initial token price of $0.00263. It achieved its peak value on December 27, 2021, reaching $2.92. At the time of this statement, MATIC is trading at $0.5735 on Binance, accompanied by a 24-hour trading volume of 231,442,005.

Over 1000x Profits for the Top 3 Binance Launchpad Tokens

The Sandbox, an online gaming platform, made its debut on Binance Launchpad in August 2020 and secures the third spot on the list of the most profitable Launchpad projects, boasting returns of 1,008x. The original price of The Sandbox token (SAND) was $0.008333, and it reached a pinnacle of $8.40 in November 2021.

Ranked as the 28th project on Binance Launchpad, StepN (GMT) emerged as the standout success story between 2022-2023, achieving returns ten times higher than other projects launched during the same period. In contemporary standards, Polygon’s net returns stand at 41x, while StepN excels with returns reaching an impressive 411x.

In a previous report, the crypto analytics firm CryptoRank highlighted Binance as the premier Launchpad exchange in terms of average return on investment (ROI) and all-time highs. According to their research, Binance Launchpad boasts an average ROI of approximately 17.66x.

Binance Launchpad Tokens Ranked: Top 3 Garner More Than 1000x Profits
Sources:coinedition

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