surely they(team) will reach the soft cap the project is valid and very useful if they could release the mvp before the ico i think they would collect many more funds...
they will have some more rounds of funding when the market is in better shape so I believe they will reach the softcap. the question is if they can manage to wait long enough for the market to turn around.
No one from the team is even bothering to give an update here. People are left here just to speculate about things.