ICO Ratings on ICOformula - Movers and Shakers of Week 27
An upward move for the cryptocurrency markets over the weekend saw the global cryptocurrency market cap rise to $274 billion, up $9 billion on Friday, Bitcoin gained $205 to $6721 and Ethereum is at $480, up $20.
eToro have published a research report in conjunction with the Imperial College London suggesting cryptocurrencies do in fact have the potential to become a mainstream form of payment within the next decade. Professor William Knottenbelt from Imperial College London and Dr Zeynep Gurguc from Imperial College Business School state cryptocurrencies already meet 1 of the 3 main roles of traditional FIAT with respect to being a “store of value”, however to meet the requirements of being a “medium of exchange” and “unit of account” still require further development to permit scalability. The report was commissioned by UK Managing Director of eToro, Iqbal V Gandham who said "The first email was sent in 1971, but it took nearly three decades for the technology to become commonplace with a user-friendly interface in the form of hotmail. The first ever Bitcoin transaction took place a little over eight years ago and today we are already seeing it begin to meet the requirements of everyday money. Given the speed of adoption, we believe that we could see Bitcoin and other cryptocurrencies on the high street within the decade. There are of course barriers to mainstream adoption, but they are far from insurmountable.” Perhaps more notable is a comment from Dr. Zeynep Gurguc who refreshingly points out "New payment systems (or asset classes) do not emerge overnight but it is worth noting that the concept of money has evolved - even in our lifetime - from cash to digital or contactless payments. The wider use of cryptocurrencies and crypto-assets is the next natural step if they successfully overcome the six challenges we set out in our report.”
New ICO Ratings on ICOformula:
Last week in the world of ICO Ratings on ICOformula:
The first chart shows us how the top 10 ICO’s by average position have changed over the course of the previous week:
The second chart shows the top 10 ICO’s by largest average position gain over the past week:
The third chart shows the top 10 ICO's by largest average position drop over the past week:
Caveat: Only ICO’s that have had the status of ICO are used in the data set for the full 7 day range are included in the following charts. ICO’s that either entered the dataset mid-way through the week, OR completed the ICO process and completed their sale/trading as tokens are not included in these charts.
Learn more about ICOformula ICO ratings and how the Formulatron calculates them in our in-depth guide to how ICOformula rates ICOs.
Created: Monday, July 9, 2018
Need to showcase your ICO to the World?
Our ICO advertising services are launching soon. Take advantage of our early bird discounts.