RE: What is ICO – Everything You Need To Know
Hi @flash07
In the first quarter of year 2018, around $6.6 Billion were raised through crypto tokens and that is an increase of 65% as compared to 2017.
I used this reason few days ago while talking to a friend of mine and he pointed out what in 2018 most part of those $6.6 billion has been raised by EOS. Im not sure how to check it (perhaps you can) how much EOS raised this year alone? So we could have some more realistic comparision?
Also the problem I see with new ICOs is that there is more and more of them to choose from. And demand is not growing. So there is pretty much same amount of money in the market but distributed between increasing amount of ICOs and cryptos. Therfore it's causing prices to be steadily dropping.
Would you agree with me? I wonder if my worries make any sense.
Yours
Piotr
@crypto.piotr
ICO in 2017
Total amount raised : $6,137,710,958
No. of ICOs : 873
ICO in 2018
Total amount raised: $6,634,705,749
No. of ICOs: 1034
EOS alone raised $4.1 Billion. About number of ICOs - more are already there and more coming on the way. About the demand, I can't say anything for sure because one side all most every ICO reaching their funding goals which says ICOs in demand another side I am agree that money is distributing between ICOs and Crypto mostly.
About the price dropping at this moment, I think whales and Institutional Investors are manipulating everything. There is lot going with Crypto and ICOs so it's hard to make connection there as we can't say anything for sure.
About the worry if you are worrying about crypto market, sooner or later I think it will be recover like never before. I know I have not replied that well but tried my best to explain thing bases on what I know and what I think.
Thanks again for your continuous support.
How do you check all those informations @flash07?
Could you somehow tell me how much EOS raised in 2017? That would give me better picture?
My pleasure my dear friend:)
Piotr
I do refer multiple sites and articles for the figures. Here are some source ICO BENCH, ICO Watchlist, ICO Bazaar
Sorry I didn't found any exact data because everywhere mentioned total funded amount by 2018. But in 1 article which was published in 2017, they have mentioned that EOS funded $700 million by OCT 2017. Not many references so can't say for sure exact figure.
Late thank you for your reply @flash07
@crypto.piotr My Pleasure Sir 😃