Is it necessary for an ICO to have soft-cap or does it show a sign of weakness and missing confidence?
I think softcap plays a vital role that will determine the success of the ICO. I know that some ICO scam also reach softcap but hear me out. If an ICO reach their softcap, it just shows how many people are interested in the project and the higher the amount of softcap that is reach, the better.
indeed with softcap, at least it can make some ico able to continue the project they want to develop, but there are some ICOs who cheat and do not keep their plans so that they run away from investors' funds. Currently there are many like that.