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?
The investors are still here but they are now wiser and smarter than before. They no longer invest because of hype, because of what anyone says but rather a majority of them invest in what they believe in. Also, a majority of them now invest in IEO on top exchanges from where they cash out to bitcoin etc especially when they don't trust the project 100%. Actually the nature of the crypto space now needs one to be wise else all these unworthy projects will make away with their funds. There are many altcoins today yet only few are good for holding and these few keeps growing while others keeps dying off; this also confirms the fact that investors now cares more of genuine projects.