With the number of scam projects, its difficult to find a great project with a good team. Exit scam doesnt seem to be a new thing. I think investors are going to be happy to know they are working with a team dedicated to make the dreams of users come true.
I thin the bearish market is taking its toll on crowdfunding. Project teams do their best to raise the softcap, sometimes they go further to raise the hardcap. But it all goes to down in USD value with the bearish market. Lucky projects make a smart decision to liquidate to USD or some stable cryptocurrency, but that changes everything. I think with the winter season coming to an end, well see good profits again.
It's an obvious truth that the cryptocurrency industry is not having a nice time as there's a bearish trend in the value of Bitcoin and several altcoin. I can't really say what is the cause of this menace, but I believe that this year would end well in the market.
You must be a prophet, the trend of the market had been on a sharp rise since yesterday. Btc has risen above 35% in less than 5 hours. I was dumbfounded when I checked my portfolio on blockfolio to see over $500 increase. I had to verify with coin market cap to see if it was true. I personally can't wait to see btc at $20,000. I want to believe the bull run is here, as the end of the year is near.
The pump is not far-fetched, the Chinese president made a strong support declaration yesterday about cryptocurrency, so that actually boosted the price and also remember that China is on the forefront of cryptocurrency adoption, the last time i checked, they were number one on the list followed by Nigeria, so the president's statement means a lot