The State of Crypto, ICOs and blockchain Q1 2018

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The tip of Q1 of 2018 was a attempting time for a lot of with the cryptocurrency market persevering with to have extra common lows throughout the board in comparison with the highs of December 2017 or Early January 2018.

The highest 5 hottest cryptocurrencies primarily based on market cap fell a median of 76.66% from their all time excessive throughout late 2017 and early 2018:

 

Crypto Identify ATH Value USD ATH Date Present Value Distinction % As of Apr 07, 2018
Bitcoin 20,089.00 Dec 17, 2017 6616.07 -67.07%
Ethereum 1,432.88 Jan 13, 2018 367.04 -74.38%
Ripple 3.84 Jan 13, 201 0.471231 -87.73%
Bitcoin Money 3,909.00 Dec 21, 2017 605.69 -84.51%
Litecoin 375.29 Dec 19, 2017 114 -69.62%
-76.66% Common Loss

Costs courtesy of coinmarketcap.com

 

While these high 5 cash don’t make up the entire market, they’re a superb indicator of the movement of the cryptocurrency market as a complete and primarily based on their costs we will safely conclude that we’re in a bear market.

 

Bears and ICOs

A bear market isn’t conducive for holding an ICO due to the final feeling of concern that impacts the common ICO participant that may prohibit him from collaborating in ICOs.
In response, a number of ICOs have already moved their tokensales to later this yr as a result of a bear market isn’t a superb time to carry an ICO.

Regardless of the doom and gloom surrounding the cryptocurrency market, there may be some very optimistic information on the horizon with a number of international locations most notably Switzerland and Singapore laying the authorized basis for cryptocurrency.

In essence the groundwork for a stronger, legally compliant and extra inclusive crypto economic system has been laid which we consider is an excellent indicator for the way forward for crypto and ICOs as a complete.

 

Securitized ICOs, an Rising Pattern

One pattern in ICOs has been the expansion in securitized tokens. This progress in ICOs having securitized tokens has been spurred on by welcoming laws from a number of international locations like Switzerland and Singapore and rising calls from crypto buyers for a clearer method to the authorized standing of tokens or cash.

The ico-check workforce firmly believes securitized ICOs are a really welcome and optimistic addition to the ICO market.

Even the USA has taken discover and has began holding dialogue with leaders in crypto to learn the way to control the cryptocurrency market in a optimistic manner.

Peter Van Valkenburgh: The place US Cryptocurrency Regulation is Heading

The video above paints a cautious however very optimistic future for US crypto regulation. We all know its kinda lengthy however it’s a good watch and offers valuable perception on how the US views cryptocurrency and the way it plans to control crypto.

 

When blood is on the streets…

The way forward for crypto appears set to be even stronger than 2017 primarily based on crypto gaining much more authorized footing and much more individuals turning into extra conscious of some great benefits of crypto. Crypto, ICOs and blockchain are nonetheless in its infancy and we consider this bear market is not going to final lengthy since nobody can deny its utility and utility.

The time to purchase is when blood is on the road and the ico-check workforce couldn’t agree extra, however this must be tempered with warning since crypto and ICOs are usually not playing or get wealthy fast schemes. Although it could be tempting to purchase plenty of cash or tokens at a reduction because of the decrease costs, you need to know your urge for food for threat and solely put in cash which you can afford to lose in good ICOs or cryptocurrencies the place you may have accomplished good due diligence. Don’t let the bears scare you away from investing in good ICOs.

The ico-check workforce believes that crypto has utility and purposes far outweighing its present worth and even the all time excessive hit throughout late 2017 and early 2018. In closing we’re long run bullish for crypto.

This is to a greater Q2 2018!

  • The State of Crypto, ICOs and blockchain Q1 2018 1 Bitcoin
  • The State of Crypto, ICOs and blockchain Q1 2018 2 Ethereum
  • The State of Crypto, ICOs and blockchain Q1 2018 3 Litecoin
  • The State of Crypto, ICOs and blockchain Q1 2018 4 Stellar
  • The State of Crypto, ICOs and blockchain Q1 2018 5 Neo
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