According to Recent Studies, the ICO Market has Significantly Grew up in Comparison with the Indicators of the Past Year
August 8 Market ICORating published a report on the ICO market for the second quarter of 2018. As the data show, over the past year, the ICO market has doubled.
According to the report, in 2018 the ICO market attracted more than 11 billion dollars of investment, which is ten times higher than the figures for the first quarter of last year. According to ICORating, in the second quarter of this year, 827 ICO projects were launched, which attracted about 8 billion dollars of investments. As the data show, in the first quarter of this year, ICO projects attracted about $ 3.3 billion. Thus, the indicator of the second quarter increased by 151%. The report says:
“Funds raised by EOS project account for most of this increase, they have collected $4,197,956,135 for a year-long ICO.”
Also, ICORating found out that Europe is the leader in the ICO sphere, where 46% of such projects were launched. Despite a large number of ICO projects in Europe, North America is leading in terms of the amount of investment collected (64.67% of the total). Also, the report says that:
“Asia-based projects showed an increase in funds raised (+20%), but a decrease in the number of projects launched (–40%).”
It is worth noting that, according to the data provided, the number of retail investors is declining rapidly, while institutional investors are showing growing activity in the ICO sphere. As a result of such changes, the requirements for projects are significantly increased, and the number of attracted investments directly depends on the cooperation of ICO projects with investment funds.
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