The market outlook had not been too favorable as such funding and investing in ICOs had dropped considerable even reaching Soft Cap had not been quite easy for most of the ICOs while many struggled to reach Soft Cap others has to back out citing the bearish market of Cryptos as the major reason for taking such action.
Why many ICO project are hard to reach the softcap? Because most of the ICO investors are temporarily stay away to invest in it, why? Because nowadays a lot of ICO running in crypto is scam.