The State of Blockchain, ICOs and Cryptocurrency Q1 2018

state of blockchain q1 2018

The end of 2018 Q1 was tough for a lot of people as the crypto market is continuing to have average lows all over the board compared to the highs of late last year and early this year. Based on market cap, the five most popular and used cryptos came down to an average of 76.66 percent from late last year to early this year.

ICOs and Bears

The bear markets isn’t conducive for holding initial coin offerings. This is due to the widespread fear which affects the average participant of an ICO and this can prevent the individual from participating in initial coin offerings. As a result of this, a lot of ICOs have shifted the sale of their tokens to later this year; this is because a bear market isn’t the perfect time to hold initial coin offerings.

SEE ALSO:   The Phases of An Initial Coin Offering

Despite what the cryptocurrency market is going through, there is some good news on the horizon with some countries including Singapore and Switzerland, and they are laying a legal, solid foundation for cryptocurrency.

The Latest Trend – Securitized Initial Coin Offerings

The growth in securitized tokens is one of the latest trends in initial coin offerings. This growth has been encouraged by welcoming legislation from different countries including Singapore and Switzerland. The check team of initial coin offering strongly believes securitized initial coin offerings is a positive and welcome addition to the initial coin offering market.

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Even the US has observed the trend and has started to hold meetings with top cryptocurrency leaders in order to look for ways to regulate the market of cryptocurrencies in a positive way.

Cryptocurrency seems to have a more promising future now than ever before as the market is gaining more legal grounds and a lot of people are venturing into it. Blockchain, ICOs, and Crypto are still at their early stages, and it is believed that bear market won’t be around for a long time since its application and utility can’t be denied.

 

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