Have we reached 'Peak ICO'?
With the collapse of Lisk and more and more speculation that 'The DAO' is going to drive Ethereum price down, have we reached Peak ICO?
Lisk that was trading between $1 and $7 as 'IOU' was released and price crashed to $0.20 in just a few hours. 'The DAO' raised $140 million in a few weeks, but now the fundraising has slowed down to a halt and Ethereum has fallen from the massive 100% rally that came with 'The DAO' ICO.
Waves ICO is still running, but hasn't raised a significant amount in weeks.
With the halving of Bitcoin, who is going to risk their Bitcoin on loftier and loftier promises, and longer and more complicated ICO's?
I doubt we have seen peak ICO. If you were here in 2013 and saw how much money was thrown around for altcoins you'll understand that while there are bigger ICO's these days there is also more money than ever coming in or and more value being built.
Of course there will always be pump and dumps so if you're a short term quick buck investor you could lose in manipulated markets like this. You also assume Bitcoin price is going to spike up like it did in 2013 but right now there isn't enough evidence to suggest that.
Even though it's against my 'thesis' I am inclined to agree. Anyone involved in crypto today is still the 0.01% and once the masses flood in, we could see todays prices explode once more.