Investors invest billions in new crypto coins

Published on: January 9, 2019 / Updated on: January 9, 2019 – Author: Konrad Wolfenstein

The major cryptocurrency hype is over. Bitcoin, for example, is currently worth only around $4,000, more than $13,000 below its all-time high from December 2017. On the other hand, cryptocurrencies continue to exert a strong attraction on investors. According to CoinDesk a total of around $5.4 billion was raised through Initial Coin Offerings (ICOs) in 2017, the figure for the first seven months of this year has already exceeded $16 billion. An ICO works similarly to a company's initial public offering (IPO) – except that instead of shares, units of a digital currency are sold to investors.

The big crypto coin hype is over. The Bitcoin, for example, is currently worth only around 4,000 US dollars and thus over 13,000 US dollars away from its all-time high of December 2017. On the other hand, Kypto currencies continue to exert a strong attraction on investors. According to coindesk, while in 2017 a total of around 5.4 billion US dollars were collected in so-called Initial Coin Offerings (ICO), in the first seven months of the current year the figure had already risen to more than 16 billion US dollars. An ICO works in a similar way to the IPO of a company – only instead of shares, units of a digital currency are sold to investors.

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