Because we are already seven months into the year, I suppose it is time to look back at the digital currency world of ICOs and Crypto. Many people suspected that ICOs were going to collapse this year given the number of scams there was last year with ICOs. Luckily, they were wrong and the statistics back it up. ICOs have continued to raise large sums of money, even more than back in 2017. The largest month of 2018 has been March so far. Month by month, more and more sums of money are being generated by these ICOs. Since the start of the year, we have actually seen steady growth within the market. Many of the ICOs coming out in 2018 predict to hit goals between one million and ten million dollars with the higher end reaching for 50 million dollars. The Progression of the ICO Back in April of 2017, ICOs raised $218 million in that year. ICOs continued to gain capital throughout the rest of 2017, raising over two and a half billion dollars with 584 ICOs coming out. Like I said, ICOs have continued to be the big thing in the digital currency world. Unfortunately, they can fluctuate based on how the overall cryptocurrency market is acting. Like I said earlier, this year has been tremendously larger for ICOs in the amount of capital raised vs 2017. Back in January, December's $1 billion record was broken with $1.83 billion being raised over 254 projects. 1,069 ICO projects ended up launching in 2017. Since the beginning of 2018, already 2,131 projects have been launched which ended up raising a stunning $12.8 billion. Some of the problems with ICOs that the market has noticed is caps. When an ICO sets a cap, it is the maximum amount of capital that can be raised. The problem is that so many ICOs have set their caps so high that they are almost unlikely going to get reached. The good news is that ICOs are still on the uptrend and show absolutely no signs of slowing down. We might see even more capital get raised in the upcoming year.
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