The Cryptocurrency Market is Changing the World Right Beneath Our Eyes
The cryptocurrency market is changing the world as we know it right before our eyes. People have long been skeptical of digital coins but now that Bitcoin’s value hit the milestone of $5,000 per coin during the past weekend, investors are becoming more interested in it. Today we’re going to go in more detail over how the cryptocurrency market is changing the ways in which organizations and individuals are raising huge sums of money.
Initial Coin Offerings or simply ICOs are an alternative and unregulated means of starting a fundraiser. ICOs are being used all over the world and all they do is basically selling digital “tokens” in exchange for cash and early access to the finished product. While this seems like a perfect practice, it’s actually quite controversial since there’s no regulation or something of that kind overlooking it.
The greatest example of how fast organizations and individuals can raise money is EOS. The company recently put up a billboard sign in the middle of Times Square in New York and even though EOS is not a worldwide recognizable brand, it still managed to raise a whopping $185 million in just five days only from the ICO. Furthermore, EOS is a futuristic platform that’s been especially created to appeal to app developers, software engineers and so on. This is the reason why EOS has been so successful with its ICO.
Investing in Cryptocurrency
Taking in consideration the fact that almost every huge company is already using cryptocurrency and that Bitcoin’s value went up to $5,000 in only a couple of days, it seems like there couldn’t be a better time to start investing in digital coins. In addition, almost every “modern” bar, shop or even taxi also started accepting digital coins as a form of payment. However, we do need to mention that the cryptocurrency market is quite volatile and its value might go down at any time.