Autonomous Research says ICOs drop by up to 90%
A new dismal revelation in the ecosystem of cryptocurrency has been announced by Autonomous Research. The company reportedly revealed that ICO activity has fallen 90% this year despite a good start to the beginning of the 2018 fiscal year. The downward trend was accentuated in September, culminating in $ 300 million against $ 3 billion in January and February.
The interest of cryptocurrency is down
Autonomous Research, a research and analysis firm in the banking, investment, insurance, finance and technology sectors, has refocused on the crypto-currency trend to observe the new situation. current economy through Autonomous Next (AN), its London firm.
In the study document, he announced three reasons for the decline of the ICOs: the first being the loss of investor confidence in the very object of the ICOs, the tokens. He explains that, for a better security of the funds, these investors prefer to invest their funds in the actions of the organizing companies than to participate in the events.
"Investors may have devalued the idea of buying a token [...] and want to buy shares in the same companies," reports the document.
Securities-type tokens and the crisis of peer-to-peer lending services accentuate the fall
In addition to this altered trust on shared tokens, the AN study document presents the interference of securities-type tokens in the proposal of new ICOs. According to the SEC (Securities and Exchange Commission), ICOs may fall within their jurisdiction in connection with a security offer. Also, platforms and investors run behind these tokens leaving the traditional ICOs on the sidelines. Michael Spencer, expert on TV channels said:"In the second half of 2018 and in 2019, we will therefore witness a sharp increase in the number of STO (Security Token Offerings)".Finally, governments that are reluctant to cryptocurrencies would be the third reason for the fall of the ICO, according to AN. The collapse of P2P lending since 2015 would have had an impact on the overall volume of the ICO.
What do you think of this new study of Autonomous Research? Give us your opinion in the comments section
Posted from our website : https://infos.link/autonomous-research-says-icos-drop-by-up-to-90/
If there are any autonomous or independent researches, they are so few that it it safer to assume that a given research is neither.
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