ICORating’s new ICO Market Research Q2 2018 report outlines the main trends of the ICO market in Q2 2018. The nature of investment in the ICO market in Q2 is changing, both amount of funds raised and requirements for projects have multiplied.
In performing our analysis, we have paid specific attention to the geographical distribution of projects, the distribution of their industries, and the development stages of their products. The post-ICO state of projects has been taken into consideration, as well as the crucial question of how profitable it was to invest in ICOs of Q2 2018. Due to the increase in the number of crypto asset-focused funds, a portion of our market review is dedicated to the current state of institutional funding in ICOs.
We outline three key developments in the report. Firstly, we highlight a sharp increase in the share of institutional capital and a continued decline in the number of retail investors. Secondly, the impact that crypto exchanges have on the market continues to rise significantly. Lastly, we noticed that many projects preferred to raise the majority of their ICO funding in private rather than public sales in this period.
Find the full report here.