Bears for Crypto, Bulls for ICOs: 2018 Market Positive Statistics

2018 has been significantly bigger for ICOs than 2017, with the most successful month coming in March.

The data over the last seven months indicates that ICOs continue raising huge sums of money, despite many thinking of them as scams.

The stats suggest that the ICOs in 2018 are aiming for big numbers, with the most popular goals being set between $1 million to $10 million, as well as a significant portion at over $50 million.

Statistics show a definite spike in ICOs from April 2017, when $218 million was raised in that month alone.

The rest of 2017 - until November, that is - ebbed and flowed, as 584 ICOs were raising $2.52 billion.

ICOs are walking their own path in relation to regulation and public sentiment.

The data shows an increase in the number of ICOs that raised this capital in comparison to 2017.

With ICOs being a funding system for a business which is aiming to use the blockchain in some way or another, there are a number of categories where these ICO projects congregate on.

Popular categories for ICO projects over 2018 include platforms and cryptocurrencies, but also business services, trading and investment companies.

While there are a host of different statistics and figures that can tell a story about the ICO ecosystem, the biggest and most important one is the amount of capital being raised, as well as the number of projects coming out monthly.