Connect with us
  • Home
  • Start here
  • Bitcoin Charts & More
  • Submit PR
  • Advertisement
  • Contact
CLOSE

Analysis

Nearly Half Of All ICOs Failed To Raise A Single Dollar: Report

Published

on

A new report shows that nearly half of all the initial coin offerings (ICOs) in 2017 and 2018 have failed to raise any funds, while 40% of them raised more than $1 million each.

According to the report issued by the research and consulting firm GreySpark, the ICO market is not entirely lucrative. After studying it in full detail over the past few years, the company issued its report and found that as many as 890 token sales did not manage to raise even a single dollar.

By contrast, 743 token sales were able to reach $1 million or more. As GreySpark also noted, many token projects fail to provide a positive return-on-investment, especially as time passes. The report used data from ICOData.io and Ico-check.com through August 2018.

The report also shows that there are many technical reasons for the inability to raise funds, including “lack of traction, disappointing product advancements, scams, difficulties in execution, no market and poor marketing or go-to-market strategy.”

Still, one market seems to be prospering right now – crypto-hedge funds.

As the report cites, as of September 2018, the number of hedge funds focused on cryptocurrency projects and tokens has increased to a total of 146 firms, up from only 9 crypto-focused hedge funds available in 2012. As such, the analysis predicts that this sector will grow between 160 and 180 crypto hedge funds by the end of this year.

 

Share This With Your Friends

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

Continue Reading
Comments
Advertisement

Altcoin News

BitMEX Research: The BCH “Hash War” Costed Miners $6.1 Million In Lost Revenue

BitMEX Research is in the latest cryptocurrency news - mostly for its new report which shows that the hash rate of both sides of the Bitcoin Cash "hash war" has led BCH miners to collectively lose as much as $6.1 million in gross revenue since last week's blockchain split - leading to the creation of Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC) accordingly. As a tweet from BitMEX Research's Twitter profile shows: https://twitter.com/BitMEXResearch/status/1064579883534348290 Something which must be noted is that the profits that were gained from such mining - or loss thereof - would currently be on paper only as neither BCH nor BSV has a liquid market at this time - in fact, they are measuring serious losses. The figure also assumes that everyone renting hash is actually finding blocks or that most or all of the hash being used to win blocks in either chain, right now, is rented. Obviously, this is not always the case as there are many Bitcoin Cash miners that own their hardware and choose to mine on BCH chains for various reasons. What we can conclude is that mining is not anymore a hobbyist game. As you can see from the report, the majority of miners run on tight margins and hardware expenses are at least as important as the cost of electricity - which always varies. As a result of this, analysts believe that a significant amount of new BCH will continue to be sold regardless of how the markets treat the tokens.    
`
Continue Reading

Altcoin News

Ripple Is Now The Second Most Valuable Cryptocurrency Surpassing Ethereum

In today’s crypto news, we can see Ripple despite falling down by 9.5 percent against the US dollar, overtaking Ethereum and is now the second most valuable cryptocurrency in the crypto market. Two days ago on November 17, Ripple increased in value at approximately 8 percent while other major cryptocurrencies such as Bitcoin and Ethereum failed to maintain momentum. Its short-term rally back on Saturday, allowed XRP to peacefully surpass Ethereum with a market cap of $19.1 billion. Ethereum, on the other hand, remains at $15.92 billion. One of the reasons why this could be happening on the market right now could be the exploring of Coinbase Custody to add major cryptocurrencies and ERC20 tokens:
 “Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only and will be working to add them as quickly and safely as possible. At this time, we have not yet considered these assets for trading. We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.’’
Coinbase Custody integrated XRP on their platform and institutions can now purchase and hold it with Coinbase. This is a path for a positive development of XRP but the selling pressure on ETH continued to grow since a huge deal of their holdings was held by ICOs. ICO projects sold Ethereum constantly in order to fund operations on the public exchange market and managed to accumulate millions of dollars while increasing and intensifying the selling pressure on ETH.
`
Continue Reading

Analysis

Analyst Believes That Bitcoin Is Expected To Bottom Out In Q2 Of 2019

Willy Woo is one of the most popular Bitcoin analysts out there. In a market that seems very negative, Woo was asked a lot of questions about the potential of Bitcoin in the future. His answers easily went in the daily news section of our DC Forecasts Bitcoin news site. We are listing them below. When asked about the potential indicators of the future, Woo who is the founder of Woobull.com, said that there is a bearish short-term trend that is present for Bitcoin and the entire crypto space in general which typically indicates a sell signal. As he said while explaining the signals for a bearish trend:
“This last reading of our blockchain and macro market indicators is still in play. What has changed is that NVTS has now broken its support, typically a sell signal. All our blockchain indicators remain bearish. NVT, NVTS, MVRV, BNM, NVM. They are experimental but have served to make very correct calls to date, even when traditional on-exchange indicators were reading to the contrary.”
According to Woo, Bitcoin may enter an accumulation phase which is what could give it a push for a new upward trend.
“Putting together the blockchain view, I suspect the timing for a bottom may be around Q2 2019. After that we start the true accumulation band, only after that, do we start a long grind upwards,” Woo was confident.
He also explained that if Bitcoin bounces in the short-term (which is a possibility) and surpasses the $7,000 mark, a bull run before the Q2 of 2019 can happen.
“If price (in the short term) bounces upwards here, which is certainly possible, I think the 200 day moving average is the upper band of the move. This is around $7,000 right now. Remember if price goes above the 200 DMA, in the history of BTCUSD’s 8 year trade history, it’s been a reliable indicator of bear to bull transitions. It’s too early to transition out of the bear,” he concluded.
Still, Bitcoin (BTC) is struggling to break out of the $6,800 resistance level and is keeping at the same situation for the past three months. A breakout above $7,000 is even more difficult with the current market conditions.
`
Continue Reading

Analysis

Bloomberg Analysts: Bitcoin Is ‘No Longer Boring’ But Its Price ‘May Drop To $1.5k’

Analysts at Bloomberg had shaken up things in the crypto market this Sunday. As reported in today's post on our DC Forecasts Bitcoin news site, Bitcoin can "further fall" according to them and "is no longer boring" as the analysts declared. First reported by Bloomberg, their approach focuses on the price of Bitcoin and its possibility to fall as low as the $1,500 point which would constitute to another 70% drop in the coin's price. Citing the hedge fund founder Travis Kling, Bloomberg's reports say that "he did not sleep well" because of the turmoil in wider crypto markets and the recent Bitcoin Cash hard fork which saw a lot of red on the market. According to the Bloomberg Intelligence analyst Mike McGlone, the recent market crash "was sparked by the pump for the Bitcoin Cash hard fork.” Bloomberg also reported that the "pump began a few weeks ago, got the market a bit too offsides with speculative longs playing for the good-old days. But this is an enduring bear market.” As we can all see, the bear market in the crypto industry has affected more than just prices. As the leading global GPU manufacturer Nvidia recently reported, there has been a massive decrease in GPU sales used for mining in the current quarter.
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below








ADVERTISEMENT

Join us on Facebook

Recent Posts



UPCOMING EVENTS RECOMMEND BY DC FORECASTS

december

03dec(dec 3)8:00 am04(dec 4)6:00 pmDigital Currency Con8:00 am - 6:00 pm (4) Sheraton New Orleans Hotel, 500 Canal Street, New Orleans, Louisiana 70130 USA

wed05dec9:30 am5:30 pmDigital Asset Investment ForumExploring the Emerging Asset Class​.9:30 am - 5:30 pm The St. Regis Washington, D.C, 923 16th and K Streets, N.W., Washington, District Of Columbia 20006 USA

06dec(dec 6)8:00 am07(dec 7)4:00 pmCryptocurrency World Expo London Summit8:00 am - 4:00 pm (7) CINEWORLD CINEMA - GREENWICH, The O2, Peninsula Square, London SE10 0DX

thu06dec10:00 am6:00 pmBlockchain Conference Philippines10:00 am - 6:00 pm HOLIDAY INN HOTEL & SUITES MAKATI, Glorietta Mall, Palm Drive, Ayala Center, Makati, 1224 Metro Manila, Philippines

tue11dec8:00 am6:00 pmAtlanta Blockchain ExperienceA Unique, Kick-Off Event Focused on Blockchain Adoption, Use Cases, and Building Your Network!8:00 am - 6:00 pm The Monday Night Brewing GARAGE, Atlanta, GA

NEWS CATEGORIES



Trending Worldwide

X
X