Crypto Market Sees Over $20 Billion Raised Via ICO Tokens Since 2017

Cryptocurrencies have been expanding all over the world and blockchain technology has also been reaching new markets. But it seems that the crypto world is currently in an installation phase. This is how Carlota Perez calls it, and indeed it will need time to keep developing. In a latest report, the crypto market has witness over $20 billion raised via the newer initial coin offering model since the beginning of 2017.

The first ‘big bang’ phase took place when Satoshi Nakamoto launched the white paper, almost ten years ago. Since Bitcoin’s creation it has been steadily growing and in 2017, we experienced an important bull market that took the price of Bitcoin from $1000 to $20000.

But there is still a problem. There is still no consensus mechanisms that would allow transaction speeds to scale. It is important to have a consensus mechanism that are both energy efficient and tested against different challenges. And this is creating a lot of problems and challenges that must be addressed sooner or later.

However, the market has an important thing, and we are talking about innovation and financial capital that ICOs unleashed. In the last 18 months, over $20 billion dollars have been raised by Initial Coin Offerings even though July 2018 only saw $400 million which was a low point for the year. At the same time, venture capital companies have also invested in the crypto market.

Several projects in the past, were able to develop different products and services and now they are fully operative. In a very short period of time, there has been an incredible amount of innovation.

And yes, several projects will fail, and some others will totally disappear. Some of the companies will be delivering things that are not functional, and some others will not be delivering anything. In sum, the failure rate of the projects will be very high.

Among these companies there will be the new Google, Amazon, Facebook and more. These projects will be able to revolutionize the entire technological market as soon as we reach the turning point.

For cryptocurrency investors will be very important to recognize the best products in the market, the most innovative ICOs and those with the greatest potential for the future. At the moment, there are different high-quality projects, high-quality teams and important companies being funded.

At USV there are several investors and analysts that have a network of cryptocurrency funds. They have invested there and they have knowledge about these companies and products.

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B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

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