Re: These 24 ICOs raised $2.8 Billion. They have almost 0 trading volume.
The ICO market boomed in 2017. The number of crypto startups is hard to pin down, but most sources agree that is over five hundred were launched in 2017.
In fact, every day last year at least one project was launched, and those ICOs raised more than $5 billion. This year the tendency has stayed the same. By mid-year, the number of ICOs launched was already over 550, and the total raised funds were over $12 billion. The industry is flourishing but is it as good as it seems to be?
The research shows that ICOs have significant economic problems.
In fact, every day last year at least one project was launched, and those ICOs raised more than $5 billion. This year the tendency has stayed the same. By mid-year, the number of ICOs launched was already over 550, and the total raised funds were over $12 billion. The industry is flourishing but is it as good as it seems to be?
The research shows that ICOs have significant economic problems.
That's impossible, reach billion but has 0 trading volume. When project reach their target it means they also have users/ members that use their product to get income, supply and demand already there. If only get 0 volume I can say only investor/ trader with short term strategy and have big fund join that ICO, but I'm afraid they already leave ( speculation ). Crypto is hard fields and everything could happen, not to scare you but never forget to learn from this condition.