Too Long; Didn't Read
The success of Binance issuing the first Initial Exchange Offering (IEO) should not be understated. It can potentially be a game changer for the crypto space. Some attributed the booming ICO market in 2017–2018 as the main reason why Cryptocurrencies were so popular to retail investors. The amount of money that ICOs have raised over the last two years is truly astonishing. Thanks to <a href="https://cointelegraph.com/news/ico-market-2018-vs-2017-trends-capitalization-localization-industries-success-rate">Cointelegraph</a>, we know that in 2017, ICOs raised a total of $5.6 billion. The number increased to $11.4 billion in 2018! However, arguments show that <a href="https://www.coindesk.com/the-crypto-winter-is-here-and-we-only-have-ourselves-to-blame">ICOs were one of the main reasons</a> for Crypto Winter.