We have talked about ICOs on many occasions on our DC Forecasts crypto news site, and even reported their growth while comparing them to cryptocurrencies like Bitcoin as well as other altcoin projects.
In today’s news, we are again reporting the increase of ICOs which has set a new record. According to the ICO rating service ICObench, the initial coin offerings (ICOs) completed in the first half of January have raised around $160 million in total, raising about 33% more than the total December count.
However, half of the sum was secured by just one project, the report notes. The number of fundraisers was still more than 150, a figure that is similar to the past seven months excluding December.
The combined hard cap of cryptocurrencies in January showed that the maximum amount of money that a project can secure from investors during an ICO is more than $4 billion. As the report showed, three fundraisers out of the five largest this month have reached or almost reached their hard caps.
When it comes to locations and amounts of funds raised, Canada has been leading in the first half of January with a combined total of $80 million. However, when it comes to the actual number of projects, the Netherlands is ranked first.
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