Chinese crypto market is clearly different and unique in its nature similar to the uniqueness of almost everything in China.
A few weeks ago I was on a China tour visiting numerous VCs to initiate the funding process of my crypto project.
I realized that the investors, regardless of their shapes and sizes, are mainly interested in one thing; The token performance. The idea and technology behind the project comes in second place - or maybe later.
However, I came back with huge learnings. As a tech guy I focused primarily on the technology. But obviously community build up and PR are key factors.
If the public are keen to buy your token your project is a success. Long term is not an option.
How has the market and investor apetite changed in the past few months in the USA?
Are there still angel investors in the crypto space?
There are still plenty of angel investors available if your project genuinely appeals. Especially with low interest rates and further cuts incoming probably, which means that people are looking for places to invest their funds instead of keeping it in the bank.
However, most projects right now as you say are either privately funded through equity, or go public but are completely garbage projects.
As an investment, it's a difficult predicament to navigate through for sure. I personally think that ICO investing right now is futile, unless the wider markets pick up. While if you have sufficient funds, seeking to be an angel investor could prove to be more profitable.