RATE Group | Crypto ICOs in Crisis, Running Out of Money With No Products
52123
post-template-default,single,single-post,postid-52123,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Crypto ICOs in Crisis, Running Out of Money With No Products

09 Dec Crypto ICOs in Crisis, Running Out of Money With No Products

Posted at 16:30h in Cryptocurrency News by

[ad_1]


alarm ICO crypto bitcoin

In the bull market of 2018, initial coin offering (ICO) projects in the crypto market raised tens of millions of dollars on average from investors in the public market to create decentralized applications (dApps) and systems.

Fast forward 12 months, most of the ICO projects that currently exist in the sector have either have no working products to show or an insufficient number of users to justify their valuation.

According to Martha Bennett, a principal analyst at Forrester Research, ICOs have struggled to find viable products with business models that failed to account for the occurrence of a potential bear market that could force projects to face a funding crunch.

Crisis

ICOs have raised large sums of money in the past year with several ICOs raising up to $4 billion from the public market. Yet, based on the data provided by DappRadar, apart from IDEX and ForkDelta, none of the dApps in the market have more than 600 users.

Many of the top 100 cryptocurrency projects in the…

[ad_2]

Source link

Tags:
, , , , ,