In the second quarter, the market fell sharply ICO


In the second quarter, the market fell sharply ICO

These studies reflect the slowdown in market growth, ICO, losses and deterioration of many other statistics in the second quarter of 2018.

Analysts pointed out that during this period most of the projects brought to investors of loss, and those who invested in them lost about half of the funds. In the first quarter, the average profitability accounted for 49.32%, while in the second, fell to — i.e. 55.38%.

Despite a record collection rate of financing recorded a General decline in interest in this area. Out of the attracted $8.3 billion, more than $4 billion added EOS, who for a year have accumulated them, and Telegram from $1.7 billion received during the closed rounds. In the second quarter, 50% of the ICO are unable to collect more than $100 thousand, and 55% did not reach the goal of funding. Only 7% of the projects could add their tokens to exchange.

However, analysts note that during this period, 15% of start-UPS offered a working product that is 2.5 times more than in the previous period. Those who tried to attract investment, with only WP and a basic command collected a total of $4.5 million, and with MVP 8 times more.

Projects proposed decentralized applications in 53% of cases failed, and the most successful were the token utility. Was most in demand ICO related exchanges, wallets, real assets and data stores.

Experts point out that the second quarter of 2018 was the most hard for market IPOs, which suffered from the General decline in cryptocurrency. However, I hope that charges are planned for the rest of the year, waiting for more favorable conditions.

The reason for the recent dramatic collapse of the market was the statement of the SEC on the transfer of all the bitcoin ETF as at 30 September.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.