Read this several minutes ago. We must be vigilant on what we are investing and must do some research or study first if the project that we wanted to join is legit or not. So sad that there are some ICOs who are just making money for their own sake. Because of this issues, people becomes scared of cryptocurrencies and thinks that other cryptos that are legit are scams too.
http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/indeed. The market is suffering a lot and the lack of awareness of investors is hurting their beliefs. Some ico projects have reins and they display negative, fake ideas to separate their assets. Misconceptions and subjective expectations have greatly influenced the general trend of the market.