Only ICO teams made huge money. But now ICOs are also failing. They are not being able to collect sufficient funds.
Bounty hunters are also losing. They are not being paid for their labor because ICOs not getting positive response.
There is just negativity in the markets. IMO it is in response to the cheater ICO projects, and so new projects are not getting response because investors have already been cheated.
do you think that the coin from ICO controls the cryptocurrency market?
no, my friend. Currently the cryptocurrency market is dominated by Bitcoin, while ICO coins are only 1% that succeeded in entering the top 100 in coinmarketcap, that means ICO's impact on crypto, is only giving the new users a lack of understanding about blockchain and cryptocurrency, this new person considers that Cryptocurrency is fraud, because of their first impression when cheated when investing with ICO
now the price is being controlled by the media and big news, every time you hear bad news, you will panic and that's what causes the price to always be a dump