Newly Released ICOBench Data Shows ICO Tokens Raised $160 Million Within First Weeks of January

According to research data made available by ICObench yesterday, it appears as though Initial Coin Offerings (ICOs) have been able to raise a whopping $160 Million within just the first two weeks of 2019 alone. To be even more specific, we can see that up until the 15th of Jan, ICO projects released this month have procured around

“33 percent of the combined amount raised by such events all through December (2018)”.

More On The Matter

Upon taking a closer look at the aforementioned data presented by ICObench, we can see that the number of digital fundraisers that will take place by the end of this month will be around 150 — a staggering number that is equal to the sum total of similar fundraising events that took place over the course of the past 7 months (excluding December 2018).

Also worth mentioning is that all through January, the combined hard cap — a term used to describe the max. amount of money that a project can secure from investors during an ICO — will amount to a whopping $4 billion. Not only that, but it is also being said that three out of the five largest fundraisers that have taken place this month have already reached their hard caps.

Last but not least, the folks over at ICObench have also stated in their report that the number of ICO listings (around the globe) have continued to decline in January— thus pointing to the fact that this form of raising money might finally be losing its market appeal.

Final Take

In closing out this article, it is worth mentioning that in terms of the total funds raised through the course of 2019, Canada has beaten a host of other nations by securing a combined sum of $80 million. However, in terms of the number of projects originating from a particular nation, the Netherlands came in first.

Lastly, a recent report by crypto exchange BitMEX has claimed that ICOs have lost “54 percent of their value since the market took off in 2017— primarily because of a massive decline in alt-coin prices (across the board)”.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide