Currently Lot of ICOs conducting Sales failed to reach hard cap. Some failed at Soft cap leading to reversing of Funds to investors. ICOs Like Civic , Codex , trivier, decibles, etc. It was also observed that Most projects delayed token distribution and Exchange Listing. SHOULD I say they are scared of been dumped. Some have been conducting Sales for over 6-7 months. generating all sorts of names just to raise Money,Which shows a clear signs that HARDCAP and SOFTCAP was Not archived.
What could possible be the reason behind this Failures ??
Probably just because currently market isn't in great state. I remember at Q4 of 2017 there were alot of succesful ICOs that managed to raise several times after ICO, but market was in alot better state then it currently is. Now seems like whole market is falling or even lately stagnating which definitely effects ICOs. So with better market state we would definitely see better ICOs sale ratings.