As most of the world already knows, the cryptocurrency market is far from its glory days of end of 2017-start of 2018. The cryptocurrency ICO market is down 97% on a year-to-year basis, with the ICO market making only $40 million so far in 2019, according to research done by BitMEX that was published on May 13th.
The reason for the bad results and low interest in investing into ICOs is, of course, the low investment returns after the bear trend that cryptocurrencies have been in ever since January 2018. People learned the hard way that not everything with the name “blockchain” in it makes insane returns. As the market is maturing, less ICOs will get announced, but it will be mostly well-crafted projects with good enough potential.
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