The impact of the growing ICO on the crypto currency market is so great that the impact on the currency market is huge. There are a few trillions of trillions to go to the value of coins created by several groups. Again, looking back on the year of year, a number of failed projects can be seen. I think crypto In order to remain the currency market, it will be set to set the limits for ico.
We don't have regulations to oversee the activities under those ICO and those scammers are using ICO for their easy money. People will take a risk to invest as they are hoping that it's a good ICO and will give them their financial freedom if it goes to the moon. Those fake ICO's are reason why we have this downfall and this will continue if those scammers are free to create ICO to lure money on every newbies that wants to be a instant rich.