ICO Activity Down 90% Since Start of 2018

An independent study by Autonomous Research found that initial coin offering (ICO) activity globally has dropped over 90 percent this year. Despite the high of about $3 billion in funds raised by token sales at the beginning of this year, September investments were less than $300 million, according to the firm. The paper highlighted the fact the decrease is part of a downward trend.

“Last month saw about $300 million in ICO funds raised, with the month before that revised to a bit over $400 million, a far cry from the $2.4 billion in January of this year. If we include EOS and other chunky private token raises, the highs go to over $3 billion, suggesting that monthly ICO activity is down 90%.”

Autonomous Research was founded in 2009. The firm offers global investment research in banking, investments, insurance, f…

This article appeared first on Cryptovest

Like this: Like Loading...