Why So Many ICOs — What Does It All Mean? The world of cryptocurrencies has exploded like never before in 2017. The price of Bitcoin has catapulted to over $7000 for the first time in its history. There has also been an increase in the number of initial coin offerings (ICOs). According to CoinDesk, since Jan 2017, ICOs went from roughly $300 million raised in total since they began in 2014, to $2.7 billion raised as of October. With the price of cryptocurrencies such as bitcoin , ethereum and others continuing to rise, the ICO frenzy is not expected to slow down anytime soon. There are just so many people hoping to become ICO investors. Now let’s dig deeper into why there has been such interest in ICOs in general. One of the major reasons for the explosion in ICOs is that it is an easier way for companies to raise money . Traditionally startups would have to rely on a bank loan, or venture capitalists to raise money for their product. With ICOs there aren’t as many hoops to ju...