Now the blockchain has no effect.It’s just hype and many people lose a lot.
What effect? to the current situation of the market and you only see the red thing that's surrounding all cryptocurrencies? Blockchain is a great tech and it has a lot of effects into those industries/companies that will adopt it or already using it.It's not a hype but ICOs are hype and if many are losing money from it, they are losing to ICO tokens not to the technology itself.
Many blockchain projects are scams in order to circle money.
Those are ICO's so beware on where you are investing. 