as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
Maybe investors are not interested as of now maybe due to the reason that there are still no unique projects that caught their attention to get into investment because mostly based on what I have observed, most coins in the market just share the same features, some just add up their unique feature comparable to the first existing one in a sense that they just do a minimal manipulation or revision on how it will be used but the same aim on why that coin was created. Maybe also added by the fact that existence of scam projects results to traumatic experience on potential investors that is why they are laying low up to this moment of time because they might find cryptos to be not credible enough anymore these days. But I believe, sooner or later they will regain their trust on crypto and go start investing once again.