According to a recent research by Hong Kong trading platform BitMEX, the majority of ICOs have not been affected by Ethereum price changes this year as it was expected. The report was prepared in collaboration with digital currency analytics provider TokenAnalyst and analyzed Ethereum balances of 222 of the largest ICOs.
Most of these projects, the report unveiled, have managed to convert what they raised in ETH to fiat currency, earning more than $727 million in the process. Meantime, of all the 15 million ETH gained by ICOs, almost 4 million
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