Hello Steemers and Viewers! After analyzing the markets today, with EOS trading live, and then analyzing the new ICO Tezos, seeing these two ICO's do so well has greatly improved my viewpoint of the cryptocurrency market for the next 6 months.
In the stock market, often what happens is that IPO's launch when the market is doing well. Then as so much money is raised, eventually the IPO's begin to flounder and some will delay their IPO. What happens is that the liquid capital to put toward new projects in the stock market can dry up, and often this coincides with a top in the stock market.
I had been thinking that with all the successful ICO's that have launched lately in crypto with high dollar valuations such as BAT, BANCOR, and this last week EOS, that perhaps the capital markets were exhausted at supplying new capital into ICO's for crypto.
Yet when I was crunching the numbers for Tezos today, which had their ICO begin yesterday, we can see that this simply is not the case:
TEZOS funds raised, 7/2/2017 7:51 EST
This is about $135+ million at the time of writing this.
What this tells me is that there is plenty of capital to invest into cryptocurrency still. The markets have not exhausted what can be raised in crypto for solid projects. It is a big deal to get 468 million in capital raising in just a few weeks, between BANCOR, EOS, and TEZOS. The EOS ICO is seemingly ready to beat all records as it is still on-going for 1 year.
What this means to me is that we are in a market lull, not a 2013 crash situation. This was already my hunch, but I wanted to see the Tezos ICO do well, just to confirm this.