As we move towards December and the holiday season, it is hard not to reflect on the incredible rush of the last winter for the crypt.
Many of us have advised (and been warned) along the way to "invest without emotion". However, it is difficult for many to endure the dramatic oscillations of the crypt. I also have a friend who runs a crypt hedge fund who was considering closing out due to his investors' mini-panic attacks.
Regardless of the economic performance of the coins, the fundamentals of blockchain remain the same. They never changed.
Blockchain is still fair for ARPANET in the '70s. In fact, the utility of crypto has made great strides since last winter.
Portfolios are improving in terms of functionality and security, exchanges are taking large investments and reinventing trading experience, and market technology and end-user utilities continue to improve. Meanwhile, large acquisitions are taking place and venture capital is still flooded in space.
Governments are also coming around to see the value and utility of cryptocurrencies: the state of Ohio has just announced it wants to accept Bitcoin for tax payments, and other states should follow it.
In the meantime, the public "grows rich" has almost always taken off the road of technology. Now, real blockchain builders are moving to the forefront of space, instead of the "bigger ICOs" who do raids in huge investments, so they are becoming silent.
True believers – private and institutional investors are investing in technology. Technology that is actually built on a mission and is solving the problems of the real world.
Now, all the clamor has been shaken, and it's the best time to get to know and invest in space. It does not hurt that most of the coins are for sale (bear markets).
Better still, the immense functionality is created by real blockchain companies like Coinbase, which now has 7 live products, many of which serve institutional investors, and has just made another round of investments of $ 300 million.
What Should Wis ISXpect Coming Up?
The recent attention for some of the companies that are building the blockchain is around:
- portfolios for retail investors and end users
- negotiation mechanisms for institutional investors
Companies like Ares Tech with wallet for players and game developers, BitMark's Crypto Exchange Wallet, Abra Wallet and more: with the maturation of space, a secure and adaptable wallet is vital, especially for niche currencies that provide a used currency within a private economic system.
Of the above companies, Ares Tech It is a fascinating niche company that has caught my attention. They are building a blockchain-based platform for players and the game development community.
Users can exchange digital assets and artifacts from games and virtual environments and use them in the real world. Trippy?
Companies like this are linking cryptocurrency to a basic end-user utility, as well as providing tokenenomics (token advertised) to maximize people's positions. Put simply, they've created an app that people can actually use on the blockchain (it's based on Ethereum).
The Ares project is also planning an airdrop for the end of this year.
Make Room for the Great Institutional guys
Beyond the portfolios, enormous progress has been made in institutional investments. Coinbase is silently expanding into several new spaces with their Coinbase institutional suite.
There has not been much public talk about institutional products, probably due to the fact that they are right in the footer of one of their websites. Or because Coinbase wants to maximize the calm time in the markets.
These launches are the strongest indicator for me that no one is taking his foot off the gas in the crypt, especially not at Coinbase. And a bull race awaits after this extensive consolidation.
The Coinbase suite of products now includes:
- Coinbase
- Coinbase Pro
- Coinbase Custody
- Coinbase Commerce
- Developer platform
- Coinbase Index Fund
- Coinbase markets
- Coinbase Prime
Real blockchain companies are still financed. They are financed by private investments, just like Ares and Coinbase, which is also an excellent indicator for all retail investors. Institutional and private capital continues to support and grow the projects we love.
In fact, all the major VCs are doing great with Crypto. They are simply silent because everything is still on sale. According to BraveNewCoin, Andreessen Horowitz ranked third among the biggest institutional investors for blockchain – with Coinbase at the top of the list. Also in the top ten are Draper Associates, BoostVC and Node Capital
HODL Down and Hustle
Like many, Ares has been waiting for its ICO and focused instead on building its technology, now offering three products to end users. During this time, Ares went to protect private VC investments – according to founder Jack Li. After this meeting, they have come up with:
- ares wallet is for investors and players to hold and exchange several cryptocurrencies, including the Ares currency
- ares arena that allows people to play and fight with their resources and artifacts
- ares SDK allows developers to create social games on the blockchain
The company will organize a world event on 12/14 on their site Telegram Channel where they will provide updated whitepaper, website, ICO details, air drops and more – all around block-block games, investment and development SDKs.
The ORnly WAy ORut IS Up
Now that blockchain projects have had some time to focus on the inside and less on the value of their currencies – like it or not, they will be back in public space again and are again stimulating the economy crypto.
To make the bull take place, we need more attention in space and more capital. The way we do both is through some companies that reject and start their ICO, even if the market is not at the moment.
Instead, they are catalyzing change for the better. Still releasing updates, products and more.
Coinbase it has not slowed down once since the market has declined. Nor do I have others I know personally, like Bitmart – who boasts 530,000 active monthly negotiators, or Unification, who is building a structure to help traditional applications interact and integrate with blockchain technology. There is also Blockfolio, who has just released his Signals product, which now has more reach than nearly all Twitter follow-ups of their best coins. Ares Tech is among the many, with four new products launched at the beginning of 2019.
The founders of blockchain companies must continue to release new products, maintain ICOing or STOing and continue to focus on ensuring that the market can recover. Each new ICO brings a new community of investors from their following and influence, adding to the global market and cryptic awareness.
And we, as investors and supporters, must support projects that we really believe in.
Greetings – JMThe opinions expressed here by the contributors are their own.
Published 3 December 2018