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 ICOs who set low caps
Your thoughts on this?
Absolutely agree with you. Most of the projects with very high hard cap most times take a very longer time to even grow just as you have said and for most investors. Most of these coins with low hard cap always have a product to even give or a service to render and then this alone gives them pretty much chance to grow fast once they hit the market. These days, I even see huge fund raising as unserious and alarming.