Report: ICO Market Plummeted, Down 97 Percent Since Last Year

The once robust Initial Coin Offering (ICO) market, which generated billions for new crypto projects, has taken a nosedive in the last twelve months.

According to a report published by the cryptocurrency exchange BitMex on May 13, the ICO market is down 97 percent on a year-on-year basis, generating only $40 million in new capital through the first quarter of 2019. BitMex findings are couched in a broader discussion over the growing phenomenon of “Initial Exchange Offerings (IEOs),” which the company reports to be functionally similar to ICOs, albeit with a name-change to distance itself from the now-defunct coin offering space.

Original source
https://ethereumworldnews.com/report-ico-market-plummeted-down-97-percent-since-last-year/

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