This just came to my mind today as ive never think about it before, since bullrun happened in 2017 and ICO became popular and successful in that year too aren't you guy curious how IEO projects would have performed if bullrun was ongoing? IEO became popular after bull market of 2017 right? The reason why ICO was so profitable in 2017 was because of the altcoin season don't you think? What about IEO in altcoin season? We are yet to see this
IEOs should be on the rise because of the improving market and favorable market conditions but recently we have been seeing the opposite of it as number of IEOs are reducing and most projects are either raising funds via old styled ICOs or at decentralized paltforms which may be a signal of change in the market.