I've been looking into ICOs recently and I noticed that ORCA raised 1.5 million dollars in 50 hours during the ICO's first round. Is this typical in the current market state? What does it say about the project?
It could be because the project is really good, or the bonus given is big enough for the initial investor. But maybe 50 hours will not be a reference for making conclusions, because I also saw other ico having almost the same start, and having difficulty getting a raise the following week.
isn't actual research needed for every investment? i still think it catches attention and people actually look into the project after this. if it's promising, it's promising