January 2019 outlook for ICOs, STOs and Blockchain companies!

Monthly Report: Top reasons to be optimistic about the Cryptocurrency market

ICO research 

 

This study is dedicated to explain the following trends during January 2019

•ICO Landscape

•STO Landscape 

•Private Funding Activity 

•Mergers and Acquisitions

 

 

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ICO Landscape Report: January 2019

 

USA dethroned as ICO sales taper

 

The market observed a depreciating trend in ICO sales when compared to January of 2018, with just over 50 ICO sales observed. This pales in comparison to the 150 ICO sales observed last year. The lingering ‘crypto winter’ has Blockchain enterprises looking to raise funds through ICOs. 

 

# of ICOs according to the country in January 2019

 
Number of ICOs according to the country in January 2019
Source: InWara’s ICO+STO database

 

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Interestingly Singapore and UK have overtaken USA in ICO sales numbers in the month of January. Increased regulation on ICO sales by the SEC could be the reason for the depreciating trend observed.

 

ICOs in January 2019: Industry sector outlook

 

Blockchain enterprises in the financial services industry along with allied sectors such as trading and investing continues its dominance over the market despite unfavorable market conditions.

 
ICOs in January 2019: Industry-wise overview
Source: InWara’s ICO+STO database

ICOs in Blockchain, Media and Entertainment and Fintech have suffered major contraction but this perfectly reflects the overall market as all sectors observed negative growth in comparison to 2018.

 

# of ICOs compared to ICOs listed during January 2019

 
Number of ICOs compared vs ICOs listed during January 2019
Source: InWara’s ICO+STO database

 

The number of ICOs getting listed on exchanges still remains at a low 15%. In Q3 2018, less than 20% of ICOs listed themselves in exchanges, this year observed a similar trend.

 

 

STO landscape: January 2019

 

STOs spring continues despite the crypto crash

 

STOs seemed all the rage in the crypto market space last year, with the number of STOs steadily picking up pace in 2018. STOs are moving forward with the same pace in 2019 with 9 STOs coming up in just one month of Q1 2019.

 

# of STOs according to the financial quarter

 
Source: InWara’s ICO+STO database

 

 

STOs withstanding the crypto winter

 

Despite the market conditions being unfavorable, the failure rate among STOs is a low ~10%, with the largest STO being Petro’s $735 million raise.

 
Active, Upcoming, Concluded and Failed STOs till date
Source: InWara’s ICO+STO database

 

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Private funding activity

 

Bearish market trends prevail

 

Private funding observed a severe plunge this year as the market still tries to recuperate after its decline.

 
Funds raised in private funding vs number of rounds in 2018
Source: InWara’s private funding database

 

Investors see potential in Blockchain sector

 

In terms of funds raised, Blockchain sector emerged dominant with the top five Blockchain ICOs taking their place in top ten funding rounds in January 2019. UK based Dorae ICO takes the cake in private funding with over $50 million being raised in a series B funding round from the investor Aethel Partners.

 

Top 10 Private Funding Rounds in Jan 2019

 
Top 10 ICOs according to funds raised in private funding

Source: InWara’s private funding database

Mergers and acquisitions in crypto space during January 2019

 

 

The prolonged ‘crypto winter’ has forced many ICOs to either close up shop or move forward with strategic partnerships that could help both parties survive in the long run. 

 

# of M&A deals in Blockchain and crypto market

 
Number of M&A deals in Blockchain and crypto market
Source: Inwara’s M&A database

Some of the marquee M&A deals this year includes, fiat-to-crypto exchange Coinbase, acquiring data handling startup BlockspringBakkt’s acquisition of certain assets of Chicago-based futures commission merchant Rosenthal Collins Group (RCG). EZ Advance acquiring Indian digital payment start-up Alconomy to expand their business into digital banking.

 

 

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