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?
they are no longer interested in projects because it is no longer profitable. In fact, those projects have grown strongly due to the fomo effect, in addition, the alts also do not bring too much realistic value as people expect. That's why investors now don't dare to invest in new projects anymore, they understand the market is not as rosy as they imagined.