The ICORating experts have analyzed ICO market dynamics for 2017.
The ICORating experts have analyzed ICO market dynamics for 2017 in order to predict market conditions by the end of the year.
After fundraising volumes spiked at the beginning of the summer, the market consolidated with increased volatility, typical for all emerging markets. Currently it is at the level reached in the second half of the year, and is waiting for a new trend.
Moreover, growth in the number of successfully completed projects* indicates that business owners’ interest in ICOs is consistently increasing. Also we see a tendency towards a decrease in the average investment volume, which could be evidence of dampened growth in the number of new investors, as well as a demand for greater diversification of investment portfolios.
Since the beginning of the summer, there has been a significant increase in the total number of completed projects**, while the percentage of successful projects in relation to the total number of projects has been steadily dropping since June. This may suggest that, despite the growing popularity of ICO as a means of crowdfunding, the number of quality projects that investors consider worthy of attention continues to decline.
We expect that the data for the next couple of months will give us a more objective picture of the dynamics of the ICO market and help answer the question of whether the summer growth in the market should be considered a local phenomenon.
*A project is considered successfully completed if the amount of funds raised has exceeded the soft cap (if any), and if the soft cap has not been set, the amount of funds raised has exceeded US$500,000.
**A completed project is a project that has completed an ICO in the given month.
***The percentage of projects that have been successfully completed is given in the graph above the column displaying the number of projects that have been successfully completed.
Note: Data is provided by the ICORating analytical agency.