Investors are still in the crypto market?

January 30, 2019

The year 2018 will be remembered by many as the year of unsuccessful ICOs, which became extremely popular in the second half of 2017. But can we say that investors have left the cryptocurrency market and now ICO is a synonym for failure in attracting investments. Of course not, although the absolute majority of ICOs, at the end of 2018, were not realized, for various reasons, one of which was the inability to attract the necessary amount of investment.

Despite this, one can mention extremely successful projects and ICO campaigns. One of the last, over and above successful ICO companies, attracting $ 7 million in 18 minutes, was BitTorrent (BTT) crowdsale tokens. The campaign was carried out in two stages: the first one lasted 13 minutes 25 seconds, the second - just 14 minutes 41 seconds. Binance CEO Changpeng Zhao said both sessions ended in 18 minutes. Moreover, if it were not for technical problems, the BTT crowdsale tokens would not last longer than 18 seconds.

It should also be noted that the maximum amount of investment on the Binance Stock Exchange was $ 20,000. Based on this figure, it becomes clear that there are more than 350 real investors who were able to make a purchase in 18 minutes, in conditions of system congestion. Country restrictions should also be considered. For example, residents of the United States, China, Ukraine, Belarus, and about 20 other states could not participate in the purchase of BTT tokens due to the conditions of Know Your Customer on the Binance Launchpad.

Cryptocurrency company BlockFi also continues to attract investments. In December, the company issued convertible bonds and raised another $ 4 million from Akuna Capital, Galaxy Digital Ventures, Morgan Creek Digital, Susquehanna Government Product and Devonshire Investors. And today it became known that BlockFi attracted investments from Coinbase Ventures, but the exact amount is unknown.

All this points to a really very high interest among small and medium investors in cryptocurrency and blockchain technologies.

Cryptocurrency: Ethereum

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