Like every hype industry in the history, Blockchain curve is very similar to others like dot com, AI, VR and AR, where after hitting all times high the market goes down until adaption rate is profitable enough.
After a few years of having absolutely astonishing ICOs, the market is slowing down dramatically and introducing various types of new OТs from STOs to VCOs, focusing on private sales and disrupting certain industries in the more secure and regulated environment.
On the other hand, big corporations are adopting the Blockchain technology massively and this is where we see actual adoption on a mass scale. Some blockchain startups are succeeding in real business problems like solving the supply chain for an example, but other verticals like fintech and payment gateways are still not supporting customers’ demand nor fitting the regulator's requirements.
Some countries are also working on supporting the token economies and as well as some of the initiatives with very influential people on board, so it's just a matter of time when it will all get back to normal.
I believe that 2019 will bring more due diligence process in the crowdfunding so hopefully, we will see some more genuine companies that are really trying to solve the world’s biggest problems succeeding to raise big funds. I still believe that the revolution will be tokenized!