Investors are disappointed with the crypto market and with Initial Coin Offerings (ICOs) in particular and decreased their investments in related projects. In November, ICO startups only raised $65 million, almost 40 times less than what was collected in the beginning of the year.
And the bad news do not end here. Analysts estimate that rates may shrink more in the following months. The Securities and Exchange Commission (SEC) control and the plummeting of cryptocurrencies’ prices are having a negative impact on the ecosystem as whole.