Overview of the Cryptomarket in Q1 2019 by the IdeaFeX team

This is a snapshot of our post originally posted on our Medium page.

Today, downtrend continues in the cryptomarket, and so does the debate on the applicable value of #DLTs.

Projects that have launched their ICOs in 2017 and early 2018 experienced a period of exponential growth in valuation, if not in user adoption. Since, the #blockchain community at large have come to realize that token prices had become far detached from the underpinning utility values that the tokens purport to offer. Perhaps due to the pains suffers by the community before this late realization, many have grown doubts in the actual relevance of the technology as viable solutions to real-world economic problems. At a time when very few DLT applications manage to go into industrial production, these doubts are not fully unsubstantiated — however, we are seeing some promising signs of qualitative change in the coming quarters.

First, the community, having gone through the storm of the crash of 2018, is rapidly maturing. Not only are technological refinements taking place, but also is the whole eco-system growing more structure and consistency. Opinions on the distributed ledger technology and #cryptocurrency are becoming more balanced and realistic than what had been just a few months ago. While we cannot say that market frenzy would never return, we can definitively say that irrational exuberance of the last cycle has been cleansed. Moreover, commentators have learnt much, and the market frenzy of 2017 has indeed greatly expanded the base of the community to the degree that we can account in any future runs on their knowledge and experience as drivers of stability.

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For the original post, please visit our page on Medium: https://medium.com/@IdeaFeX

IdeaFeX unlocks potentials in information technologies and blockchain solutions for financing and investment. We present an open, safe, and easily-navigable marketplace that is more accessible and less costly than all major existing alternatives, and that supports the issuing and trading of formerly illiquid and/or indivisible assets. Our innovative auction method together with our craftly adoption of distributed ledger technology empowers fundraisers and investors with efficiency and robustness hitherto unseen. Our simple success-fee business model powered by our flexible core-peripheral operating model makes this possible.

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