ICO NEWS: The Billion Dollar Club

cryptoblood (65)in #crypto • 7 years ago

Who Woulda Thought

Yes who would've known that in just 7 months (YTD) we would be over a billion dollars in market cap for ICOs. With the success of Bancor, TenX, and Status all raising a combined $307 Mln, it is no surprise that the ICO market is now valued at over $1 Bln.

EOS, another hugely successful ICO, which was heavily criticized for its controversial Token Purchase Agreement, gained popularity amongst investors within the cryptocurrency market for its infrastructure that provides an efficient, scalable and flexible ecosystem for apps and smart contracts - Raised over $170 Mln in the first week!

The Top Hitters

The chart above shows monies raised up until June 2017. As you can see, the trend is growing exponentially.

Below are the top ten ICOs this year (excluding EOS):

Is This A Bubble?

The question is I guess, is this a bubble? Are we as investors getting too excited about products that 9 times out of ten don't even have a working MVP (Minimum Viable Product). In my opinion, not just yet! I would give it to the end of 2017 and leading into 2018 to see if its a bubble. I would like to see more number, trends and forecasts to make a confident decisions but until then I am riding the wave!