As cryptocurrency is adjusting to its market crash we are seeing ICO for this thing or that thing.
For cryptocurrency to really evolve in itself, there needs to be some honesty and regulation in how these ICOs are monitored.
Now there is this project coming out and that project. Everyone wants to do a project and really truly speaking everyone wants to jump on the bandwagon and make some fast bucks.
Since 2015, ICOs have more or less doubled in each year and more and more projects are coming out. Now we have over 1000 coins on the market today.
One of the cases for a market crash could be the fact too many ICOs are out there and that is driving the value down.
You have this coin and that coin that can revolutionize and change the world but little to know there is no regulation to stop further ICOs.
STOP. It really is draining the system. To make blockchain thrive regulation needs to come in so it brings stability to the market. There will be more trust in the system, less dumping and pumping and more transparency.
Without it, this area will grow but will be used in some way where projects that come out will be abuse for a short-term gain and then their project will fall, and effect blockchain true value of what it stands for.