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ICO projects sold 400,000 ETH during November

Dec 17, 2018 Forex News

During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.

According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In November, this amount exceeded 400 thousand ETH.

However, in the first quarter of this year, Ethereum was sold most actively. For example, during March 27, ICO start-ups sold 630,000 ETH.

Note that in the first three months of this year, the price of Ethereum sank more than three times.

The largest Ethereum bears among ICO projects are SingularDTV, Aragon, and Kyber.

The Ethereum-based Status project actively sells Ethereum. Recently the project announced a dismissal of a quarter of employees. This ICO startup still has quite impressive cryptocurrency reserves. However, the current price of Ethereum is far from what it was before. The current ETH/USD rate is $88.76.

As the Sentiment reports, the Ethereum-based still have about 2.9 million ETH coins, which cost about $ 250 million.

Recently Diar analysts came to the conclusion that ICO has practically lost its relevance as a method of attracting investment. So, during November, ICO rose only $65 million.