Time seems to go by more quickly in the ICO world.
As time goes by, more and more ICO projects are going to be published. There is more and more competition within different market verticals. The competition is pretty intense.
With our data in the White Rabbit database, it's easy to see emerging trends. Here are some insights from our database.
Insights
Investment & Trading and Financial Service ICOs are dominating the ICO marketplace.
The image below shows the number of ICOs within TOP 10 Market Verticals (MVs).
All the ICOs are attributed to 67 MVs based on their development direction or involved field.
It is obvious that Investment & Trading (228) and Financial Service (213) occupies the top two.
Then they are followed by DAOs (Decentralized Autonomous Organizations ), Decentralized Marketplace/ Commerce, Gambling, Social Media, platform, cryptocurrency, Drugs & Healthcare, and Payment Systems.
The competition of these 10 MVs is hard to ignore.
According to our previous blog called "Initial Coin Offering (ICO) Country of Origin and Burst Period", 2018 is the heyday of the development of ICOs.
Dissecting The Data
What will happen if we divide all the data into two time periods on the grounds of ICO end date? We set 2018-01-01 as the watershed. The image below shows the TOP 10 MVs variation in 2017 and 2018.
It is obvious that Investment & Trading and Financial Service are in the dominant position in both years with significant growth. However, Decentralized Marketplace/ Commerce surpasses DAOs and takes the third position.
From this overall picture, all the ICOs in other MVs have the momentum of growth, especially Drugs & Healthcare, platform and Social Media.
We will further analyze the market verticals next week. Investment & Trading and Financial Service are my top choices, but if you have interest in any market verticals, feel free to leave comments in our telegram channel: https://t.me/whiterabbiticos.
