Bears for Crypto, Bulls for ICOs: 2018 Market Positive Statistics

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Summary

Popular categories for ICO projects over 2018 include platforms and cryptocurrencies, but also business services, trading and investment companies. For example, in January, platforms accounted for a quarter of all ICO projects, whereas cryptocurrencies were only 15.6 percent. Most of the up-and-coming cryptocurrency projects set their caps so high that they are unlikely to be reached. Understanding the ICO ecosystem’s progression Statistics show a definite spike in ICOs from April 2017, when $218 million was raised in that month alone. Additionally, the data shows an increase in the number of ICOs that raised this capital in comparison to 2017.

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The market data is provided by ICObazaar.

With the first half of 2018 now past, it is poignant to look back at the last seven months of data on the Initial Coin Offering (ICO) market — an important facet of the cryptocurrency ecosystem. Some predicted that the explosion of ICOs last year — with many failures and even more scams — would lead to a collapse in this area, but the statistics tell a different story.

The ICO phenomenon has followed an interesting path since its real boom, starting around May 2017. There has been growth, there has...

Read the full article @ Coin Telegraph