Whilst the broader cryptocurrency market experienced one of its weakest months in the last two years, token sales ending in January attracted a record-breaking $1.45 billion in January.
Those numbers, provided by the ICODrops website are likely an underestimate as they exclude several pre-sales and numerous smaller token sales. In December token sales had attracted $1.18 billion.
“February and March Shaping up to be Big Months”
And whilst the total amounts raised in itself might be enough to demonstrate the absence of any slowdown in the ICO market, the observation appears to be consolidated by the fact that the number of token sales achieving their funding targets also remains unaffected by the crypto market tumult of the last three weeks.
In December just under half of all token sales reached hard cap. Of the 58 full token sales completed in January, 47 raised 100 percent or more of their target – roughly the same figure, whilst only five ICOs failed to raise more than 50 percent of their hard cap target.
February and March are shaping up to be big months too, provided demand from investors remains strong. ICOs ending in February and listed on ICODrops site are seeking to raise a collective $1.25 billion. That excludes the KodakOne token sale which at this stage has no fundraising target.
Significant ICOs ending in February include Bankera, a token sale which has already raised 54 percent of its $208 million target, and Huobi seeking to raise $300 million. BeeToken, Rentberry, SyncFab and Fusion have also built up a strong following and are set to reach their targets ahead of schedule.