Hey, so I've been in involved in crypto and particularly in ICOs for almost a year now. I have invested in numerous ICOs over that period and one thing I noticed is that the most successful ICOs are the ones which had low ICO hard cap. It makes sense because its much easier for market cap to increase from 10 million to 30 million for example, rather than from 50 million to 100 million,right? For example IOTA – raised 1100 BTC in 2014, now their market cap is around $1,2B USD same goes for Ethereum and many other ICO’s who set low caps… Your thoughts on this?
Although financing is a very important factor during and after the development phase of a project, however availability of a large amount of finance does not guarantee its success onbtye long run. It depends on the idea behind the project and the competency of the team.