Steemians we are in a bull market that I have not seen since the boom of the 'DOT COM' era. Everyday I become more and more aware of the growing trend in crypto currencies. Just this morning, for about the third weekend in a row, The Wallstreet Journal posted an article about Bitcoin/Ethereum. In this article they talked about the large hype of ICO's.
An ICO stands for 'Initial Coin Offering' and is basically crowdfunding to raise initial investments on new crypto currency. This is very similar to what happens with companies that want to go public in a stock exchange. The only difference is these ICO's are getting A LOT of funding, and I mean A LOT!
Two ICO's that went public over this last weekend were:
1. Block.one which raised over $185 million in just that weekend.
2. Dynamic Ledgers Tezos which is a software platform and it raised over $212 million during the weekend too.
This is extremely bullish when you take in effect that BLUE APRON was only going to receive $300 million for their IPO last weekend as well. The difference is that Blue Apron has been around for five years and made over $800 million in revenue last year. In contrast, Dynamic Tezos is only three years old and Block.one was created this year. Both ICO's only have a handful of employees compared to Blue Aprons national team.
All in all I think this means we should be buying as many cryptos as we can comfortably afford. We are in an ICO BULL MARKET that is making IPO's look like trash. Take out your 401k and buy crypots....Get out and start investing STEEMIANS.
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What a well written article with proper explanations and details.Good Job.
Thanks for checking it out mate!
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STOPInformitive write up and easy to follow.
Thanks for sharing @evanrvoss :)
Thank you for coming around the page @acromott...Crypto currencies are going mainstream and I hope you are strapped in.