It is unfortunate the crypto market turned in to a dumping ground instead of a value generator atimes due to lack of knowledge by investors.
Too many scam/yahoo/fake ico’s came on the heels of eth success. So people started ico hopping gradually lowering expectations post ico from 100x to 10x to 1x now.
Right now it opens at ico price and goes down. A few exceptions are always there.
Companies also got greedy and started raking in 40 million USD for a shit idea they got and no MVP.
Imagine the eth ico was 16 million only. Do you see the difference in the quality of people/companies collecting funds? It is learning curve for all.
The money supply did not expand. The companies that build their business in this downturn may see higher prices. Others will go away if they bought lambos and enjoyed big team dinners at the company expense as there is no easy way to do a secondary ico in these markets. They can only dump tokens and eventually dump the company.
Yes you are right, alot of icos lately do not reach their softcap and vanish into the thin air, because investors are smarter and they make every conservative researches before investing in any project whatsoever,
And i think this is good for the development and eradication of scam and fraud icos.
The wiser everyone becomes, the quicker we end fake icos.