In 2018, some estimates show that Initial Coin Offerings (ICOs) raised an astonishing $22 billion. Even conservative calculations say ICOs hit around the $11 billion mark. While those numbers do vary dramatically, it is clear that ICOs still have a place in the spotlight, especially since that represents the efforts of over 2,200 ICOs, a notable increase over the approximately 960 that reached their conclusion during 2017. However, since about half of token projects seem to fail within their first four months, it begs the question, why are ICOs still popular in 2019?
The Rento (RTO) ICO just ended, closing out on February 28, 2019. The company is attempting to create a global sharing platform, giving individuals and companies the ability to rent out unused or underutilized items for cash. While the general idea is intriguing, does that mean you should have invested in the ICO? Here is a look at what Rento wants to accomplish and whether investing would have been a smart move.
JP Morgan’s new virtual currency shows the rising interest of financial institutions in cryptocurrencies. Not only JPMorgan but also UBS along with other financial institutions have been working on cryptocurrency related projects. While the attempt at a virtual currency is laudable, there are a few concerning features of the cryptocurrency to address.
When it comes to growth potential, the marijuana industry is poised to take the world by storm. While 2018 was a bit of a disappointment for many cannabis investors, it did lay the groundwork for a strong 2019. A number of massive new markets that came into existence in 2018. Those markets are now starting to mature and grow. Plus, new markets could be on the horizon. These new markets are creating additional excitement and opportunity. If you are ready to dive into the cannabis industry, here are five investments to make today.
For many, the world of cryptocurrency is enticing. After all, most people remember when Bitcoin made headlines when its value soared, and getting your hands on the next big success could be life-changing. However, it is important to be smart before you commit your hard-earned money. If you are thinking about taking the leap, here’s what you need to know.