In 2017, ico was profitable, but in 2018 it was losing money. This is the biggest difference. Last year's many projects were very serious, but too many projects this year are deceiving and falsifying. The market is completely different.
That's the cycle. Moreover, ICO project in 2018 more and more, although many successful but many also not successful even scam. Let's wait, and this is still the middle of the year, plus the market is down, so most ICO affected. We look forward to the end of the year.