The cryptocurrency market never closes, and the industry itself is growing faster than ever. This means there’s more breaking news, and more vital information emerging than ever before. This Week in Crypto is Covesting’s weekly news recap aimed at providing the most complete coverage across the cryptosphere.

ICO Funding Hits 2018 Low

As the price of Ethereum falls, so does funding for initial coin offerings (ICOs). According to new data from financial research firm Autonomous Next, funding for ICOs has hit a low of $326 million – down from $1.5 billion the month prior.

The low interest in ICOs closely matches overall market sentiment. ICOs, while previously were a boon for investors reaping massive returns from early cryptocurrency project investments, many projects are now valued far less than their ICO prices.

Nearly 75% of Crypto Investors Are Planning To Buy More

Despite the bear market and continued decline in cryptocurrency prices, crypto investors are eager to buy more, according to a new survey from securities trading platform SharesPost.

Of the 2,490 retail investors and 528 accredited investors polled in total, 72% of respondents said they planned on purchasing more cryptocurrency within the next 12 months.

That number increased in July over a January survey the company previously conducted. The previous survey said only 68% of investors planned to increase their crypto holdings. The only major change in the survey results after 6 months of bear market: investors now believe that widespread cryptocurrency adoption will take roughly five years longer to reach.

Bitcoin Charting Reaches Virtual Reality

BitcoinMarkets commentator and Reddit user u/Legitinternetguy posted in the sub-reddit’s “Daily Discussion” thread showing off a video demonstration of his recent Bitcoin charting efforts with a twist: the charts are viewed entirely in VR.

The inventive Redditor says he used cryptowat.ch charting tools through his Samsung Galaxy s9+ to view the BTC charts through his Samsung Gear VR headset.

Miracle Whip Tweets about ICO: Initial Condiment Offering

Mayonnaise brand Miracle Whip, a subsidiary of Kraft Foods, jokingly took to Twitter to poll its followers about their thoughts on WhipCoin.

Twitter users ate up the idea of the brand launching an initial condiment offering, suggesting that it uses Proof of Deliciousness to grow the network.

Other major brands have jumped on the crypto bandwagon, including Oscar Mayer and McDonalds.

Crypto Market Bubble Pop Reaches Level Worse than Dot-Com Crash

After reaching new lows this week, the cryptocurrency market has crashed even faster and deeper than the dot-com bubble burst back in 2000, according to a report from Bloomberg.

Data from the Nasdaq Composite Index from March 2000 to October 2002 shows a 78% drop from peak-to-trough, compared to the MVIS CryptoCompare Digital Assets 10 Index that indicates an 80% decline.

Although the comparison is negative for cryptocurrencies like Bitcoin and Ethereum, the eventual rebound to new highs Nasdaq experienced gives crypto investors hope that their crypto holdings may also reach new highs in the future.

It’s also worth noting that Bitcoin has already experienced two 80% or higher crashes, and each time it’s gone on to achieve over 1000% gains in a new bubble cycle.