ICOs raised just $118 million in Q1

01 Apr, 2019
by David Robb
ICOs
ICOs raised just $118 million in Q1

A report by the Wall Street Journal claims that ICOs raised $118 million in Q1 of 2019. This figure is just 1.7 percent of the total amount raised through initial token sales in Q1 of 2018.

The ICO market was at its height at the start of 2018, in the wake of the historic bull run that led to all-time high crypto prices at the end of 2017. Fraud, increased regulations, and the subsequent ongoing bear market saw the bubble eventually burst, and ICOs have been significantly less successful in recent months.

Read more: 5 countries that are going big on cryptocurrency adoption

The WSJ report uses data from ICO analytics website Tokendata.io. It also shows that just 45 of the total 2,500 ICOs tracked since 2017 have made money, and that only 15 percent of the tokens sold through ICOs are currently trading at or above their original price.

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