RATE Group | Seven Out of Every Ten Cryptocurrency ICOs Have Technically Failed
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Seven Out of Every Ten Cryptocurrency ICOs Have Technically Failed

27 Sep Seven Out of Every Ten Cryptocurrency ICOs Have Technically Failed

Posted at 12:36h in Cryptocurrency News by

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Market reports show that 70 percent of cryptocurrency ICOs are currently operating at a loss. This means that seven out of every ten cryptocurrency projects have valuations lower than total funds raised at the initial offering.

More Money isn’t a Recipe for Success

According to a report by Diar – a global digital currency industry analyst, ICO projects in 2018 have raised double the amount realized by offerings in the previous year. Token developers have received a whopping $12bn from investors this year.

Despite investors braving the bearish market of 2018 to fund token projects, these tokens don’t seem to be doing well. Market cap places a lot of tokens at a loss when tallied against investments received during the initial offerings of these projects.

Some of these tokens are either unlisted or have zero liquidity. Over one –third of tokens that completed their ICOs between 2017 and 2018 are yet to list on any exchange. Bankera raised $150 million in February but liquidity…

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