ICO-industry collapsed to an eight-month low

[Nikola282828]

The volume of investments attracted by the initial coin offering in April fell significantly compared to the previous months. Analysts believe that investors have become more cautious amid tighter control of cryptocurrency startups by financial regulators.

April is the worst time of 2018, according to the results of past tomenselo. During this time, companies were able to get only 543 million dollars. For comparison, in March last year, ICO-projects attracted 974.6 million dollars, and in January — more than 1.2 billion dollars. Compared to the first month of this year, the financial success of tomenselo become more modest 62%, with March by 44%.
This year, about 659 primary placements of coins have been registered, which could attract $ 4.2 billion. On average, companies received $ 6.3 million.
Curiously, last year at least 871 ICOS took place. The total amount of financing amounted to about 6.1 billion dollars. On average, the projects in 2017, was $ 7 million.
Experts believe that these data say about the cooling market and the decline in interest takesall. This may have happened because of the ban on advertising cryptocurrencies on Facebook, Twitter, Instagram, LinkedIn and Google. In addition, reports of fraudulent projects, whose founders disappear with the money of investors, are increasingly appearing in the media.

Source cryptofeed.ru

[Herbert2020]

slowly but surely people are going to realize that ICOs have always been empty promises since now the older ones are now truly showing their faces and also because there have been a lot of scams. this is the same faith as the premined altcoins! they also had a good run initially and a lot of money changed hand in the early days of that old scam but eventually people started to learn and stopped being so dumb enough to give their money to these premined shitcoins.