According to research data made available by ICObench yesterday, it appears as though Initial Coin Offerings (ICOs) have been able to raise a whopping $160 Million within just the first two weeks of 2019 alone. To be even more specific, we can see that up until the 15th of Jan, ICO projects released this month have procured around

“33 percent of the combined amount raised by such events all through December (2018)”.

Upon taking a closer look at the aforementioned data presented by ICObench, we can see that the number of digital fundraisers that will take place by the end of this month will be around 150 — a staggering number that is equal to the sum total of similar fundraising events that took place over the course of the past 7 months (excluding December 2018).

Also worth mentioning is that all through January, the combined hard cap — a term used to describe the max. amount of money that a project can secure from investors during an ICO — will amount to a whopping $4 billion. Not only that, but it is also being said that three out of the five largest fundraisers that have taken place this month have already reached their hard caps.

Last but not least, the folks over at ICObench have also stated in their report that the number of ICO listings (around the globe) have continued to decline in January— thus pointing to the fact that this form of raising money might finally be losing its market appeal.

In closing out this article, it is worth mentioning that in terms of the total funds raised through the course of 2019, Canada has beaten a host of other nations by securing a combined sum of $80 million. However, in terms of the number of projects originating from a particular nation, the Netherlands came in first.

Lastly, a recent report by crypto exchange BitMEX has claimed that ICOs have lost “54 percent of their value since the market took off in 2017— primarily because of a massive decline in alt-coin prices (across the board)”.

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