For many months since its launch in August, Bitcoin Cash has substantially declined in value, dipping below $320 at one point. Within the past 24 hours, the price of Bitcoin Cash (BCH) increased from $400 to $522, demonstrating a staggering $122 daily gain. The BCH price has endured a slight correction since reaching its monthly peak and has stabilized at around $460.

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Around $380 million flowed into ICOs in October, according to CoinSchedule. That’s well below the $800 million-plus the crowdfunding model generated in September. That brings the total capital raised for the year to $3.25 billion.

Readers may recall that ICOs surpassed early stage venture capital  following a massive surge in the months of May, June and July. At the start of the year, there was barely any activity in the space.

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So far this year, a total of 203 crowdraises have been issued. The previous year saw just 46 with a total raise of $93.4 million.
A Closer Look at the Numbers

More than one-third (37%) of the  funds raised this year went toward infrastructure projects. That amounts to a little more than $1.2 billion. Trading and investment platforms generated nearly $420 million, or 12.9% of the total capital raised.

Finance projects were the third most popular at $307 million, or 9.4%. Data storage (8.8%), payments (6.6%) and healthcare (6.2%) were also on investors’ radar.

Practically every industry has been represented in token raises this year, including governance, supply and logistics, machine learning and even commodities.

Infrastructure was by far the biggest category for 2016. accounting for more than 45% of the total capital raised. That was followed by trading and investing (12.3%), content management (9.5%) and events and entertainment (7.8%).

Filecoin continues to be the biggest capital raise ever at $257 million. Tezos is a close second at more than $232 million. The top-ten list of token raises is provided below.

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The market is at possible bottom. The support zone is formed by 0.000160 and 0.000150 support levels. The current levels are good for buying in long term. We can place pending orders above SMA100 at 0.000180 level with stop orders at 0.000140 level. Profit targets are 0.000220 and 0.000300 resistance levels. MACD is going to support upward movement and DMI allows opening long trades. It’s trading opportunity and we can try to catch possible upward movement. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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