The ICO rating service ICOBench shared their report where we can clearly see that Initial coin offerings raised around $160 million in the first half of January so we will find more how that happened in today’s crypto news.
All of the ICOs that completed by January 15, managed to raise more than 30 percent of the entire amount raised in the past month of December. Half of the funds were secured only by one project.
According to the report of ICOBench, the number of fundraisers that will be taking place in January until the month ends is more than 150 which is a number close to the past seven months without December.
The combined hard cap for this month is the maximum amount of money that a single project can secure during an ICO from investors which are up to $4 billion. Also, three fundraisers out of five that were the biggest this month have already reached or are close to reaching their hard caps.
The report service also noted that the number of ICO listings continues to go down in January which could mean that the phenomenon is losing popularity. However, in terms of raising funds, Canada is the leading country in the first half of this month because it raised more than $800 million. The Netherlands, on the other hand, is the first country that has the largest amount of projects.
Just yesterday, the major crypto exchange BitMEX issued a report where they claim ICO teams have lost more than 50 percent of the value of the initial $24 billion.
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