At the end of March, ICO funding reached a temporary peak above $49 million. Token sale activity picked up this month, stemming a long slide that led to a February low in fundraising at around $22 million. The low results made analysts at the Wall Street Journal see the ICO sector as “essentially dead”, based on a mere $118 million raised in the first quarter of 2019.
At this point, the ICO market is still quite far from the peak times in 2018, where more than $7.8 billion were raised. In 2019, token offerings remain quite slim in absolute terms, with no large-scale projects raising hundreds of millions as easily as in 2017 and 2018. As the cryptocurrency market is at a crossroads, the higher ICO results in March are still insufficient to call it a recover...
