Bloomber
Is the initial coin offering boom over?
Startups raised just $326 million in August, the smallest amount since May 2017, according to data complied by Autonomous Research. That compares with about $3 billion on average during the first three months of the year. ICOs using the Ethereum blockchain are seen as one of the main catalysts for sending Ether’s price surging last year. Now they’re being blamed for its decline as some of those projects cash out to cover expenses and on concern this year’s cryptocurrency bear market will drag out.
That depends on the tren of crypto. people are interesting to secure their Money and waiting for another bubble right now. So many whales are having the same think. that's why icos get less on its demand and remember not only icos but crypto too. The bearish tren of crypto has become the main reason why icos get less on its demand. Is the initial coin offering boom over?
Startups raised just $326 million in August, the smallest amount since May 2017, according to data complied by Autonomous Research. That compares with about $3 billion on average during the first three months of the year. ICOs using the Ethereum blockchain are seen as one of the main catalysts for sending Ether’s price surging last year. Now they’re being blamed for its decline as some of those projects cash out to cover expenses and on concern this year’s cryptocurrency bear market will drag out.
