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Increase in Number of Projects Completing Crowdfunding; Smaller Proportion listed on Cryptocurrency Exchanges
There was a 30% increase in number of projects completing crowdfunding in Feb 2018 month-on-month. Yet less than 20% of these projects were eventually listed on a cryptocurrency exchange. Of the projects that do manage to list, about 43% of these projects listed in February had a fall in price on the first day of trading. The investment effect is a lack of liquidity in being able to trade coins after ICOs have lapsed, and also a price risk in the value of the coin after listing.
Zilliqa, Elastos, Bluzelle lead Market Capitalization Increase
For Blockchain assets that have completed ICO after 1 Jan 2018, Zilliqa leads the pack in market capitalization appreciation. The Top 5 are Zilliqa, Elastos, Bluzelle, Ethorse and Trinity. Lagging the pack are Titanium Blockchain, Olympus Labs, Crypterium, OneRoot and adbank, with Titanium Blockchain losing about 96% of the market value between Jan to Feb 2018.
For more in-depth analyses on the Blockchain asset market, global government policies, Blockchain projects financial and crowdfunding statuses, asset market overviews, study on Blockchain assets that are performing well on the global stage, asset classification and asset type analyses, download and read the Global Blockchain Asset Industry Monthly Report, produced by Huobi Academy of Blockchain Application. This free to read monthly report is available for download below.
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