Blockchain Funding Skyrokets
While blockchain is far from mainstream adoption, 2018 funding of existing crypto companies are skyrocketing surpassing that of 2017 before mid-year.
A little more than five months into 2018, reported dollar volume invested in VC rounds raised by blockchain companies surpassed 2017’s totals. Not just that, the nearly $1.3 billion in global dollar volume is greater than the reported funding totals for the 18 months between July 1, 2016 and New Year’s Eve in 2017.
2018 is predicted to be the year of altcoins and with over 1,500 of them, investors have plenty to choose from. 2018 is likewise the year that weeding. Coins with no long term value will be weeded out and only a handful could be left out. To guess just how many will survive is a wild goose chase as the markets haven't fully understood and exploited the power of blockchain.
Many analysts and investors are putting their money on coins that have a platform in the likes of Ethereum, LIsk and Steem. But who knows, things change in a matter of days in this era of high technology growth. One coin with no platform but found a better way fo creating value easily steal the show. That's the beauty of today's technology age. More here
Yippee! First to comment lol 😁
Welldone Boss
thanks for the comment. upvoted for your enthusiasm.
Thanks Boss
Very interesting.
Price end of year will be massive for most cryptos. All of this investment will ultimately be reflected in the price. Followed.
It is great to see even more funding in 2018! It kind of seemed like it would be down from the mania in 2017. Also, you are right, it is about time some weeding happened in the market. Tons of altcoins will fail, while just a few solid projects will grow even stronger.