New research published by finance company GreySpark Partners and reported by The Next Web found that the ICO market behaves in a peculiar way. For each stellar success in fundraising, there are a couple of ICOs that don’t manage to raise any capital at all.
No, this is not about the projects that don’t manage to reach their goals. We’re actually talking about a literal zero-dollar flop that led absolutely nowhere.
Out of the 1,921 ICOs that GreySpark looked at, a whopping 890 of them (46.3%) raised absolutely nothing.
367 projects, however, managed to raise over $10 million, with a tiny proportion—12 of …
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.