Initial coin offerings (ICOs) completed by Jan. 15 have raised around $160 million, according to report from ICO rating service ICObench. The number of ICOs that were held in January is more than 150, similar to the past seven months, excluding December.
ICObench experts suggest that the phenomenon is losing its popularity, as the number of ICO listings has continued to decline in January.
In January, the combined hard cap — the maximum amount of money that a project can secure from investors during an ICO — amounts to more than $4 billion. As per the report, three fundraisers out of the five largest this month have reached or almost reached their hard caps.
Amount-wise, Canada has been leading during the first half of the month, with a combined figure of $80 million. However, when it comes to the actual number of projects, the Netherlands ranked first.