Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.
The market data is provided by ICObazaar[1].
With the first half of 2018 now past, it is poignant to look back at the last seven months of data on the Initial Coin Offering (ICO)[2] market — an important facet of the cryptocurrency ecosystem. Some predicted that the explosion of ICOs last year — with many failures and even more scams — would lead to a collapse in this area, but the statistics tell a different story.
The ICO phenomenon has followed an interesting path since its real boom, starting around May 2017. There has been growth[3], there has been regulation[4] — as well as changing of[5] sentiment.
2018 has been significantly bigger for ICOs than 2017, with the most successful month coming in March[6]. The data over the last seven months indicates that ICOs continue raising huge sums of money, despite many thinking of them as scams[7]. Additionally, the number of projects launching month by month are pretty steady, even showing growth.
Moreover, the stats suggest that the ICOs in 2018 are aiming for big numbers, with the most popular goals being set between $1 million to $10 million, as well as a significant portion at over $50 million.
Understanding the ICO ecosystem’s progression
Statistics show a definite spike in ICOs from April 2017, when $218 million was raised in that month alone. The rest of 2017 — until November, that is — ebbed and flowed, as 584
