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2018 Statistics: Crypto Is Bearish, ICOs Seem Bullish

Stefan by Stefan
13/08/2018
in Bitcoin News
Reading Time: 1 min read
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The first half of 2018 is officially passed, and what we have seen so far is a slightly different situation from last year. While the Initial Coin Offering (ICO) market rose, the crypto market seems to be in a bearish position over the past couple of months.

Even though some predicted that the explosion of ICOs would lead to many failures and even more scams, the ICO phenomenon has followed a very interesting path since its inception in May 2017. From growth to regulation, ICOs went through a lot of changes.

What’s certain is the fact that ICOs are now widespread. When compared to 2017, they are very different – and had the most successful month coming in March this year.
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According to the data over the past seven months, they are continuing to raise huge sums of money, even though many people see them as scams. In 2018, ICOs are expected to grow even more, and the goals are being set anywhere from $1 million to $10 million and even $50 million by some analysts.

While the major cryptocurrencies are struggling, ICOs show a definite spike from April 2017. The $218 million which were raised in April 2017 for ICOs alone is now a whopping $2.52 billion accumulated by the 584 ICOs present in the ecosystem.

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During the crypto fever in December, there were even suggestions that the G20 will discuss cryptocurrency regulation, which made ICO capital a lot higher, alongside Bitcoin’s most bullish run.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: BearishBitcoinBULLISHCapitalcryptofeaturedgrowthICOICOsregulationrun
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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