With Digital Currency Now Mainstream, Crypto Startups Set to Emerge as Winners
FOREX INVESTORS Huge Gain Potential These are exciting times. A significant new asset class has exploded from the woodwork in a way that few thought possible. Ethereum ended 2016 trading at $8.00/ETH, and it now trades at around $270.00 (as of this writing). We all know how far Bitcoin has come. If you’ve missed the boat on investing in these two cryptocurrency patriarchs, there’s good news. The upcoming ICO cryptocurrency list promises the potential for more explosive price appreciation.
In case you’re not familiar with the acronym, ICO stands for “initial coin offering.” It’s the preferred method for fledgling crypto startups to raise capital to build and expand their new cryptocurrency offerings. Backers may create a whitepaper or a document resembling a prospectus to generate investor demand. This document will state all of the relevant project facts, like how many digital coins will be issued, the overarching code structure, how much capital is needed, and so on.
Huge Gain Potential
Needless to say, these ventures are risky and not suitable for conservative investors. Failure rates are high, and mainstream investor demand may never materialize even if the project gets completed. As of late-June 2017, there were over 900 distinct cryptocurrencies changing hands daily. Obviously, the market is becoming quite saturated, with only a fraction of these cryptocurrencies likely to stand the test of time.
Disclaimers aside, the explosive growth potential for cryptocurrencies is breathtaking.
Between July and August 2014, the Ethereum ICO raised $18.0 million in Bitcoin (about $0.40 per token) for its token currency, the ether (ETH). About a year later, Ethereum’s first-generation platform was released, and the rest is history.
It didn’t take long for early investors to realize a gain on their investment. ETH rose 29-fold between October 2015 and March 2016, before consolidating in a year-long range. Since breaking out, prices have reached an incredible high of $389.00 per ETH token before paring back. That’s more than an 800-fold return on investment in less than two years!
Cryptocurrency Market Cap Chart (as of July 5, 2017)
|Cryptocurrency Name||Market Cap (Billions USD)||Price (USD)||Monthly Trade Volume (Billions USD)||Market Share|
|Name||ICO Scale||Total||Currency||End Time|
|Dimcoin||10.0 million DIM||various cryptocurrency||8/28/2017|
|Money Technology||$500,000 USD||various cryptocurrency, USD||8/2/2017|
|Tezos||various cryptocurrency, USD||8/1/2017|
|Giga Watt||30.0 million WTT||Ethereum (ETH)||7/31/2017|
|DAO Casino||Bitcoin (BTC), ETH, USD||7/30/2017|
|True Flip||6,215 BTC||ETH||7/27/2017|
|Civic||$33.0 million USD||1.0 billion CVC||BTC, Litecoin (LTC), ETH, DASH||7/21/2017|
|Skincoin||600.0 million SKIN||1.0 billion SKIN||BTC, ETH||7/21/2017|
|Orocrypt Inc.||500,000 tokens||ETH||7/14/2017|
|Populous||36.0 million PPT||53.3 million PPT||euros, BTC, ETH||7/8/2017|
|Chart | Calendar | TRADE NOW | FORCAST | cryptocurrency
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