as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
Judging by the current trends of failed ICOs and IEOs, I bet you that only a few can actually invest in cryptocurrency ICOs. Majority now prefer to buy already existing projects than the so called ICOs. Myself as a case study, I stopped buying these ICOs since 2018 after I lost so much funds to them.