Interest in token sales has dropped dramatically over the past 10 months, with investment falling almost 95 percent. Nevertheless, according to a new study, the ICO market is still significantly larger than two years ago.
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Startups Raised Less Than $300 Million in January
Investment in startups conducting initial coin offerings (ICOs) has decreased from $5.8 billion in March 2018 to $291 million in January 2019. That’s according to statistical data recently released by crypto analytics platform Coinschedule. However, despite the obvious drop in fundraising through token sales, in the first month of this year ICOs attracted over 70 percent more capital than in January of 2017.
While 2018 saw a great number of token sale projects, despite the…