Cryptocurrency start Elementus has compiled a visualization showing every token sale that has raised at least $100,000 since 2014. The company’s analysts thoroughly examined all cryptocurrencies transactions and revealed that 2017 became a landmark year for the Initial Coin Offering (ICO).
In 2017, the entire cash flow that went into these ICOs increased from $310 million to $6.4 billion.
The figures for the analysis were taken directly from the Bitcoin and Ethereum blockchains.
"We searched for every token, crowdsale, and multisig wallet we could find. We then identified the corresponding owners and added up the total amount of contributed funds – taken either from the blockchain itself or as reported by the fundraiser," Elementus founder Max Galka wrote.
Cryptocurrencies have been one of the hottest topics of the year. On Sunday, prior to the launch of Bitcoin futures trading at the Chicago Mercantile Exchange (CME), Bitcoin, the world’s most popular cryptocurrency, traded at over $20,000.
In 2017, Bitcoin has been on the rise, from below $1,000 at the beginning of the year. Earlier this month, Bitcoin made its major market debut as the Chicago Board Options Exchange (CBOE) launched Bitcoin futures trading.
The futures are believed to further increase its value and result in wider acceptance of the cryptocurrency on the financial market.