According to the report of Smith & Crown analytics company, the ICO market has risen beyond $1 billion, Wall Street Journal informs.
The report says that the sum of investments raised by startups using the ICO in 2017 is ten-fold higher than the previous year. It is caused by global excitement for digital currencies. Besides, the report said that Ethereum got 3350% more expensive, while the bitcoin price increased by 160%. Despite this fact, the rate of the latter is much higher now.
The lion's share of all investments in 2017 obtained due to the ICO covers the placement of first initial tokens from Dynamic Ledger Solutions and block.one companies. Altogether, they attracted more than $300 million.
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