Statistic: Many cryptocurrency projects that conducted initial coin offerings (ICOs) this year are now trading well below their last-known venture capital funding valuation

BlockBeats News, December 24th, according to CryptoRank data, some of this year's ICOed crypto projects have seen their token prices plummet well below their last VC funding round valuation. The project's token market cap is even more than one hundred times lower than the aforementioned VC valuation.

For example, Bubblemaps' token BMT currently has a circulating market cap of about $6 million (FDV is only $22.92 million), similar to Fuel Network.