Report: ICO Projects are Exploring Diverse Verticals

Coinspeaker Report: ICO Projects are Exploring Diverse VerticalsInitial Coin Offerings took the world by storm by early 2017 or now more commonly known as the ICO boom period. ICOs enabled entrepreneurs to directly raise funds from interested investors instead of resorting to traditional fundraising mechanisms.Two years later, ICOs have raised over $24 billion according to InWara’s database – an incredible amount considering the short time frame. Most of these ICO projects were restricted to sectors such as Blockchain or Financial Services.But this rhetoric may not be true in the future as entrepreneurs start to explore business opportunities in novel sectors.Funds raised via ICOs by Industry Sector (April 2019)Source – inwara.comICO projects launched during the month of April managed to raise a whopping $569 million, as impressive as that is, it’s not the most interesting part. It’s that ICO projects from relatively new industry sectors such as Charity are taking the stage – as they’ve often been overshadowed by more eye-candy sectors like Financial services.Don’t’ get us wrong, a majority of the funds raised was by three sectors alone-three sectors we’re familiar with- Trading and Investing, Business Services and Blockchain. These sectors alone raised ~$325 million between them.But interestingly sectors such as Media and Entertainment, Real Estate, Gambling, Charity, Internet, Arts and Collectibles among others have raised significant funds – as much as $190 million between them.All-time funds raised by industry sectorSource – inwara.comAn analysis of the all-time funds raised by various industry sectors reveals- the single largest contributor to global ICO token sales were Blockchain industry sector projects at a whopping $9 billion, followed by Financial Services at ~$3billion.What you can notice here is that sectors such as Charity, Internet, Real Estate and Art & Collectibles aren’t even in the top ten sectors by funds raised. But we may be witnessing a reversal of this rhetoric as ICO projects explore business opportunities in other sectors.Report: ICO Projects are Exploring Diverse Verticals

Binance Coin Jumps 13% while Silent Crypto Project ABBC Coin Flies to the Moon with 65% Gain
Thursday March 07, 2019

CoinSpeaker Binance Coin Jumps 13% while Silent Crypto Project ABBC Coin Flies to the Moon with 65% Gain The truth is, the last couple of days have been quite fruitful for crypto markets. With a dump last week and a whole seven days of consolidation many expected further losses. This didn’t happen and markets rallied

XRP Price Analysis: XRP/USD Expected to Breakout at $0.32
Friday March 08, 2019

CoinSpeaker XRP Price Analysis: XRP/USD Expected to Breakout at $0.32 Key Highlights: The Pennant pattern confirmed in the XRP market; in case $0.30 price level does not hold, there will be a bearish break out; the break out is imminent. XRP/USD Price Medium-term Trend: Ranging Supply levels: $0.32, $0.34, $0.36 Demand levels: $0.30, $0.28, $0.25The