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?
I can partly say that, in that 2017 we have greater percentage of project developers that are faithful to some extent and they are ready to develop their projects. Investors put in their assets and they get good return. However, as time goes on, we began to experience the advent of numerous scammers with ultimate aim of defrauding investors. It was this unpalatable experience that actually discouraged if not 90% of investors now. There are numerous places to invest besides cryptocurrencies.
If we unanimously discouraged these fake projects and stop promoting them, probably the investors will start regaining their trust back in crypto.