ICO market still have the opportunity to return to prosperity?
The ICO was a big hit last year, with millions of dollars entering the market in electronic funds. Looking at the conditions of last year’s ICO, high probability investors will continue to dump capital.
A new, profitable investment that does not have any schedule constraints, is well received in the financial world, and almost everyone is welcome on this train. Anyone who has ideas can create their own token, and then invite investors to invest in them.
Moreover, with its investment wheel, as a distributed platform connects all sellers and buyers, really nothing is more perfect! Small businesses and organizations including churches, schools, all can fund through the ICO.
With what has taken place, a brighter 2018 has been seen, and the first stages have reached the threshold of expectation. The market for crypto earlier this year has exploded, the price of the most notorious coin flying high.
This fluctuations immediately impacted the ICO market, with funding reaching $ 6.3 billion in just the first three months, a record high, much higher than what it had achieved in the ICO. last year, was $ 5.5 billion. Profits are flowing in large numbers, with a 10-fold margin that has become a minimum standard for investors when making ICO transactions.
However, the next six months will really be fierce for the ICO business. The trend has changed! The open ICO, previously open to all private investors, has now become a private and restricted market, which is only available to accredited investors.
Although looking on the outside, the ICO market seems to be on the rise, according to reports showing that the average ICO scale has risen from $ 15.98 million in 2017 to $ 31.08 million this year. However, the problem here is due to the participants.
Because many ICOs have removed the public sale component, many retail and private investors are now waiting until a token is listed on the exchange.
The ICO market is still favouring the ‘downstream’, retail investors are always behind. Most of the biggest ICOs of this year are open only to private investors, and overall, this trend is set to last.
Regulatory issues are the main reason for this change in ICO transactions, as governments are strengthening their rules about electronic money. With the intensification of surveillance, many start-up companies have raised money from private investors, which is driving private and retail investors into the market.
Recently, I learned that there is a project from a company that is gradually joining the ICO. It is also a good news as well as a great stepping stone for the crypto community. Twogap is the company I am talking about and this is one of the good news for ICO.
For more details, please read our Medium page.
-According to Zycrypto -
-Translated by Twogap -
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