Once celebrities began endorsing ICOs, many were quick to claim that this was the top; the mania had reached its peak and the token bubble was about to pop. And when the SEC filed charges against several dubious projects, forcing others to return funds to investors, this assessment appeared to be accurate. Despite the mid-summer mania having dissipated, however, the number of ICOs in the works is higher than ever.
Reports of the ICO’s Demise Have Been Greatly Exaggerated
In the first nine months of the year, over $3 billion was raised in ICOs, almost $600 million of which came from Tezos, Filecoin, and Bancor. Despite most of the high-profile ICOs occurring in Q1 and Q2, October was actually the most lucrative month to date, pulling in $828 million. November, in comparison, could only muster $682 million.
It feels like 2017 was chockablock with ICOs, but the mania didn’t truly kick in until April. Tokendata reports that just $21 million was raised via ICOs in the first three months of the year before hitting $103 million in April and then almost doubling in May. In the year to date, over $4 billion has been raised, and there is a likelihood that the symbolic $5 billion threshold will be passed by 2018.
SOURCE:
https://news.bitcoin.com/despite-falling-revenue-ico-fever-remains-high/