ICO valuation versus market value Most projects continue to launch with valuations that don't reflect current market conditions. Inflated initial offering value (FDV) figures for ICOs may look impressive on paper, but the market has consistently readjusted these expectations after the Capital round ends. The gap between ICO prices and current market value is widening: $ALMANAK 90 million USD → 2.22 million USD (−97.5%) $VOOI 113 million USD → 8.23 ​​million USD (−92.7%) $IMU $134 million → $32.3 million (-75.9%) $RNBW 100 million USD → 26.6 million USD (−73.4%) $HAR $25 million → $7.38 million (-70.4%) $ZAMA $550 million → $191 million (-65.2%) $AZTEC $350 million → $204 million (−41.7%) $UP $50.7 million → $34.9 million (−31.1%) $KDK $35 million → $25.7 million (−26.5%) $ESP $402 million → $307 million (−23.6%)