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 ??
Because there are no buyers, no investors. Nobody wants to buy it. And now you have to think why nobody wants to buy it for ICO price. Because they didnt have any progress? In many cases thats why price is falling - no progress - no growth.
there are many factors that influence it, currently almost all ICO have been running for 6 months but have not yet listing in any exchange so their funds may still be floating so they cannot participated in the latest ICO
or maybe investors don't want to wait long so they prefer to buy it in exchange after the ICO ends