as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
Due to too many failed ICOs and now IEOs not that great either, investors kinda lost their trust on cryptocurrency especially for new projects.
They don't really want to give their money to a project that might doesnt have a value in the future.
I think they prefer doing some trading than joining a certain ICOs or IEOs. And some of them might've quit entirely.
Since we're not like how 2017 used to be, and how bad the market condition back then, they kinda avoid investing their money.