I guess this is just the usual hate-posting...

But up until today;

  Ethereum (ico: $0.3, now: $2912)
  Basic Attention Token (ico: ~$0.03, now: $0.74)
  Avalanche (ico: $0.5, now: $74.28)
  Fantom (ico: ~$0.04, now: $1.09)
  Terra (ico: $0.8, now: $84.89)
  Cosmos (ico: $0.10, now: $23.27)

To name a few of the big winners. You said long-term so I assumed you meant someone was bag-holding since the ICO until now... so I omitted that all of these topped out at way higher prices.

Just because a lot of the ICOs were dogshit doesn't mean that all of them were

Most NFTs are probably a scam, but I was just arguing against the specific point of the article that the market is "crumbling."

I believe the BAT ICO was a positive for the investors.