With the Etherecash Platform entering its pre-ICO funding stage, circumspect investors will be encouraged to know that recent market trends point to widespread industry endorsement of blockchain. In the past few weeks the signature cryptocurrency Bitcoin has skyrocketed in value—breaking a remarkable $90 billion in net worth earlier this month. The astronomic rise of Bitcoin’s market value has brought the currency’s underlying blockchain technology back into the media spotlight. While Bitcoin remains a notoriously volatile investment, its underpinning blockchain technology demonstrates long-term staying power—a positive omen for the Etherecash platform and its early backers.
Market Data Reflects Well on ICOs
In its expansive State of Blockchain 2017 Report, the popular blockchain news hub Coindesk published some intriguing data on trends in the blockchain and crypto markets. According to the Coindesk report, Bitcoin’s recent meteoric hike in value may signal a return to the currency’s volatile market behavior rather than a long-term “haven.” Despite the uncertain prediction, investors in Etherecash and other ICOs have little to fear from recent market trends. On the contrary, Coindesk’s Report suggests that ICOs have become a popular alternative to traditional venture capital investments.
In 2016 alone, ICOs raised $236 million USD, nearly half of the total funds raised through traditional funding mechanisms. As every ICO is built upon the sale of blockchain backed tokens, it seems clear that blockchain technology itself has found a reliable market niche. Blockchain’s breakthrough role in attracting startup funds has clearly earned the technology a stamp of approval among startups—a key step towards widespread industry endorsement.
Industry Incumbents Back Blockchain
Confidence in blockchain technology isn’t restricted to startups. In 2016, financial and tech industry giants like Microsoft, Deloitte and J.P. Morgan all went public with plans to break into the blockchain ecosystem. With well-established firms endorsing innovative blockchain based applications, the road to long term viability seems vouchsafed for more agile newcomers like Etherecash. As industry titans like PwC and IBM begin to devote their considerable resources to blockchain development, plans for new features like interoperable assets, editable blockchains and rapid ledger processing are turning heads. In spite of all the fuss, its smaller, more cutting-edge players like the Etherecash team that are really pushing the envelope on innovation.
While relatively late to the scene, the Etherecash platform benefits from the experimentation of its industry predecessors while still entering the market a step ahead of the mainstream competition. Leveraging all the benefits of an ERC20 token, Etherecash also offers a number of unprecedented tech features that establish the platform as an ideal candidate for investors looking to break into blockchain.
Long Term Prospects
With a positive market forecast attracting major industry players, the future of blockchain based payment and lending platforms looks well assured. The Etherecash platform is uniquely situated to capitalize on the long-term industry growth recognized by these incumbents. With a combination of strategic timing and cutting-edge technology, Etherecash stands poised to become a veritable cash cow for early investors. With the platform’s pre-ICO underway, it’s the perfect time for investors to jump on board before the competition.
I am really happy to say it’s an interesting post to read . I learn new information from your article , you are doing a great job . Keep it up
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit