Blockchain is the new Internet and the possibilities are endless.
It is quite ambiguous where the ICO cryptocurrency market is heading to. However, predictions are made according to the market capitalizations of these cryptocurrencies. There are approximately 5000 cryptocurrencies in the world as at 2017. Based on the Elliot Wave theory, he predicted that the cryptocurrency market would increase to about $50 billion in the market capitalization. This prediction has gone well beyond the truth.
In 2017, the net worth of the ICO in the market capitalization raised to about $100 billion, this is as a result of the massive popularity and performance of the Ethereum (ETH) and the Bitcoin (BTC) ICO that dominate the financial industry. However, on the positive performance of the ICO, there has been much other successful cryptocurrency company that uses ICO to fund themselves. ICO is said to be successful when the ROI yield is high because of their volatility; high success return and big potential for loss. Below are the lists of Top ICO campaigns of 2017, the list are based on their profit revenue and many other innovations.
Bitcoin
It does not seem surprising that the Bitcoin is top of the list of cryptocurrency market capitalization with a net value of $29,919,930,192. The Bitcoin (BTC) was created by Satoshi Nakamoto in a period (2009) where it was the only available and legalized virtual currency available in the market. Bitcoin is the costliest virtual currency in the world which is acceptable in many countries. However, Bitcoin is illegal in countries like Vietnam, Iceland, Bolivia, etc. The Bitcoin Miners is the key to the security to Bitcoin and also responsible for Bitcoin creation.
Ethereum
Ethereum is a platform built on a different Blockchain that is similar but more advanced than the Bitcoin. In 2013, Vitalik Buterin deloped the Blockchain of the Ethereum on a platform to send and receive a smart contract. The market capitalization of the Ethereum is valued around $8,284,240,957. The Ethereum token is called the Ether (ETH). The Ether token valued price has risen to about $400; this is approximately 5,000% increase in the initial price.
Ripple
Many cryptocurrency investors may not have noticed the Ripple ICO, but they are not a new comer in the digital currency market. However, Ripple was created in 2012 by the CEO and CTB of OpenCoin, a venture of capital-backed currency payment. Many of the Bitcoin developers also work for the Ripple, which makes them compete and survive among many other ICO`s. Since their inception, Ripple has over $7,236,937,220 of market capitalization value, with one unit for a price of about $0.18.
Litecoin
The Litecoin (LTC) ICO is a peer-peer cryptocurrency and an open source platform under the licenses of MIT/X11. The Litecoin also has a system similar to the Bitcoin, although there is some technological advancement on its platform. The Litecoin was created in 2011 by Charlie Lee, who is a former Google employee. The ICO was released on a GitHub having a reduced block generation time of 2.5 minutes which increase a maximum number of the coin. The market capitalization of Litecoin is valued at $1,576,960,281, and each Litecoin is valued for $30.89.
Monero
Monero (XMR) ICO is a well as an open-source cryptocurrency which was created in 2014. The cryptocurrency focuses on decentralization, privacy, and scalability, unlike other cryptocurrencies. Monero operation is based on the CrptoNote Protocol which is related to Blockchain obfuscation. Monero has experienced a huge growth in their market capitalization which rises from $5 million to $185 million USD. In 2017 Monero worth a market capitalization of $425,834,896, with each Monero (XMR) values for $29.48 USD.
These assets or mechanisms for exchanges — are actually blockchains that have the ability for applications to be built off of them — mechanisms that can make secure transparent transfers of an asset of contract unlike ever before. So it is my belief that despite the quick run up in price and market cap in many of these currencies — we have not seen the begun to scratch the surface of what is to come. Essentially “blockchain” is the new “internet” and this is 1995 — we are just beginning.
