I still see some successful ICOs in raising funds, but it does not help investors to be profitable. When listed in exchanges, its price drops several times and disappoints many investors
Because raising funds is not enough, we have a lot of ICOs in the past that raise over $100 million but they are nowhere to be found now or they are already inactive, so how much more a project that raises a small amount and they want to be successful in this tough crypto market times.
Many projects have claimed they have gained a hardcap from the ICO, but after being listed at the exchange, the price dropped 5-10 times or even more. I don't know why but I think the group doesn't make price protection