Research: the number of ICOs presented in Q1 of 2019, significantly fewer then in Q4 of 2018

In the first three months of this year, less than 350 ICOs held, which is almost two times less than in the previous quarter. However, in terms of the amount of funds raised, the gap is not so large - if in the 4th quarter of 2018 the ICO collected about $ 1.5 billion, in the first quarter of this year the amount of funding amounted to about $ 1 billion.

"Notably, in Q1 2019 there were twice less ICOs projects that have raised funds comparing with Q4 2018. However, the average ICObench rating has not been changed. The success rate of ICOs that raised a positive amount of funds in Q1 2019 is nearly the same as in Q4 2018 even though the amount of ICOs have declined. More than 60% of ICO projects still raise less than $5million,"

according to ICObench representatives.

In the first quarter, 107 successful ICO campaigns took place, and 221 projects failed to raise a sufficient amount. In the fourth quarter of last year, similar figures amounted to 207 against 378 projects, respectively.

ICObench analysts point out that the most popular trends in the development in the first quarter of this year were virtual reality, big data, artificial intelligence and the entertainment industry. The Ethereum network remains the most popular infrastructure for ICO.

It is interesting that in early April, the results of a similar research were presented by TokenData, however, according to their report, the amount of funds collected differs by almost an order of magnitude. Representatives of TokenData reported that in the first quarter of 2019, ICO volumes decreased by 58 times compared to the same period last year and amounted to only $ 118 million. 

SOURCE