The summer of 2018 brought talk that initial coin offerings (ICOs) are on their way out, and August has offered clear evidence this fund-raising model is starting to fail, with large-scale, high-profile projects notably absent during the month, according to IcoData statistics.
So far, 2018 has been disappointing. In 2017, the ICO trend picked up strongly in June though some high-profile ICOs raised funds at the start of the year. The fall of 2017 marked the peak, while ICOs last year generated in excess of $6.1 billion, mostly in the form of Ethereum (ETH) and Bitcoin (BTC).
Overall, the first eight months of 2018 were successful for ICO initiatives, with more than $6.7 billion raised in total. However, there has been a noticeable drop over the course of the year, matching the general sentiment after the bear market and general price slide. The only exceptions were May...
This article appeared first on Cryptovest
