2017 was a spectacular year for all things blockchain. Since early Jan there has been an overall prolific rise of tokens and cryptocurrencies as the world starts to understand the power of the decentralized ledger technology.
We are often asked is "did I miss the ‘bitcoin’ investment opportunity?"
Although no one can give you a definitive answer, and it is never sound advice to suggest that you enter at the ‘top of the market’, we feel this technology has really only just been discovered by the mass public and 2018 will be the year we start to see:
- Massive adoption
- Utilization - specifically of smart contracts and protocols that underly things we do, such as SWIFT interbank transfers and shipping industries monitoring products
So although we are currently at an all-time high, we are quite certain the blockchain is still massively undervalued.
This year we are projecting a market rise once again. It’s hard to place actual figures but we are anticipating a total crypto-market cap a low of $3 trillion and a high of $30 trillion. So to be conservative, in 2018 we are looking at many of the top token values increasing by AT LEAST a further 300%.
There are several driving forces why we feel that the blockchain market cap will reach these unprecedented levels and these have been covered in several of our prior articles however to recap:
- This is a global phenomenon. Counties, businesses and people all around the world are onboarding into blockchain and decentralized technology
- Banks and reserve banks, funds are all looking to use aspects of the technology internally and also try to develop their own out of FEAR of becoming redundant and replaced. Further given the upside in 2017, many are now entering the market to hedge and capture crypto market gains
- There are so many industries whereby the main premise of blockchains being, faster, cheaper and more secure are going to topple
- Governments also need to protect their currencies and will need to participate soon in order to have some control
Of course, not all tokens/ coins are made equal.
With the advent of initial coin offerings (ICO’s) this year, the blockchain space really became the wild west of speculative investments. Thousands of projects have listed and sold tokens in ICOs. Driven mainly by fear of missing out (FOMO), hundreds of millions of dollars have now entered the market into projects that have:
- No product
- Sometimes - No team
- And in the worst cases simply scams
As this is a totally unregulated space nothing can be done about these rouge ICO’s. Just like it is individuals responsibility to maintain and control their private keys for personal wallets, the same is true for ICO investing. Due diligence needs to be conducted by individuals and personal responsibility must be taken. For many, this may be too much to ask. Having been mollycoddled by their governments for decades, it may be a very hard landing for those who cannot analyze and think independently.
Overall the major tokens now look to be pretty entrenched and still gaining momentum in the upward direction.
So if you are looking and thinking did I miss this investment opportunity, we say, absolutely not! It’s really still only just beginning.