I'm wondering what will happen to ICO if bitcoin goes back to 1000$ plus per one to find its bottom? Will ICO start dying off ? Cos presently ICO is already suffering from market condition and I'm wondering what ICO fate would be it bitcoin falls further ,any thoughts???
It's a total disaster for those ICO projects and the percentage of them that will succeed on raising their softcap would surely go down to 5% or below. Or most of them will postpone their ICOs and then wait again for the market comeback. I don't believe that ICO will die because of that because those developers are very determined to enter the blockchain industry so they'll just definitely wait for a perfect time if that happens.