Darryn Pollock

Bottom and Bounce: Cryptomarkets Find New Low, But Bounce Back

The cryptomarket found new lows this year at the weekend, but on Monday, it began a decent bounce back- some better than others.
Bottom and Bounce: Cryptomarkets Find New Low, But Bounce Back

A new low point for the year was found by Bitcoin over the weekend as the world’s biggest cryptocurrency reached a price point of $5,826. The rest of the market followed in what was a major shed of capital- the entire market cap of cryptocurrency reaching a low of $235 bln.

However, Monday has now dawned and there is a small bounce back which could indicate that some sort of floor or bottom has been found, however, the general consensus is that the market is still extremely bearish.

Some of the bounces have been bigger than others, however, such as Monero, Ontology and Ethereum Classic, as the market looks to recover from its latest hit.

Bloody Sunday

Bitcoin’s bounce back from that low below $6,000 sees it hovering in and around the $6,200 mark, and a 24-hour increase of about 4.5 percent. Other big coins, like Ethereum, did not find their low point- which was sub-$370 back in April, but it fell to $426.

There were very few coins spared the drop over the weekend, and the overall effect on the total cryptocurrency market was marked. However, what it has allowed is for coins to find a place to rebound from.

In many instances, a low like this in a market often results in a turnaround, but with speculation and perception still quite low in the markets, it seems unlikely that this will be the end of negative performances across the board.

Monero up

One of the coins profiting most from this bottom, however, has been Monero. The privacy coin is showing a 15 percent jump in the last 24 hours from a low of $109 during Sunday’s big dip.

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This is the lowest level Monero has been for almost eight months. It is currently trading at $126. Monero has recovered all losses over the past week and is trading at the same level it was this time last Monday. The monthly picture is bleak though with XMR losing almost 30 percent over the past 30 days from $173 this time last month.

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📈 Pricewise David Dinkins

Analysis of Past Bitcoin Boom/Bust Cycles Sheds Light on Bitcoin Price Prospects

Pricewise
Data suggests the current downtrend in Bitcoin’s price could be nearing an end, but there are also reasons to be skeptical.
Analysis of Past Bitcoin Boom/Bust Cycles Sheds Light on Bitcoin Price Prospects

Though the Bitcoin market is presently in turmoil, with ups and downs that resemble a yo-yo, since the December peak of nearly $20,000, there’s clearly been a significant downtrend. Mainstream media keeps saying the bubble has popped, with many outlets predicting lows of less than $3,000. But it’s possible Bitcoin’s past boom-and-bust cycles might tell us something about the downtrend we’re presently in, and how long it could last.

Redditor DamonAndTheSea helpfully composed a list of Bitcoin’s bull/bear cycles and calculated the length of time before the downtrend on each cycle was broken; his data can be easily verified on any Bitcoin charting site. Excepting the crash following the November 2013 boom, the downtrend following each Bitcoin bubble lasted on average 89 days and saw an average decline from peak price of 62%.

The current decline has gone on for 93 days and at the early-February low of $5,800, the market had retraced 70% of its high. According to this data, if we go by historical averages, Bitcoin’s downtrend should be nearing an end.

Mt. Gox

The data for the period following the November 2013 bubble is skewed because of the collapse of Mt. Gox, the biggest Bitcoin exchange at the time. Hundreds of thousands of Bitcoins were stolen, laundered through BTC-e, and sold on the open market. This depressed prices for years - likely far longer than would have otherwise been the case. Mt. Gox likely skews the data significantly.

Nonetheless, if include the bear market that followed the late-2013 boom, with its 600-day downtrend, the averages shift somewhat. In that case, the average length of the downtrend becomes 217 days and an average decline of 68%.

Different this time?

By these numbers, there’s good reason to hope that Bitcoin’s bubble has in fact bust - and that the market can soon start trending upward again. But that’s not necessarily the case. With the limited data available - only four boom/bust cycles on record - it’s impossible to extract any statistically significant results.

Moreover, a number of things are different about 2017’s bubble:


Wall Street - With big banks and institutions now involved in the Bitcoin markets, they could keep the market depressed for awhile if they wanted. These investors have extremely deep pockets and can push the market around, should they choose. It would be expensive, and risky, but could be done.

High Volume - Previous bubbles have only involved a few thousand or tens of thousands of people pumping up the price on relatively low volume (by today’s standards). Even accounting for so-called “fake” volume, the crypto-market involved much more money, many more people and a great deal more mainstream media coverage than past bubbles. More people invested more money, meaning that as the bubble deflates, more people get burned. It could be awhile before your average Main Street investor trusts Bitcoin again.

Regulatory Attention - This goes along with the last point; because the bubble was so large and affected so many investors, it’s called greater regulatory scrutiny down on cryptocurrency. It remains to be seen how global regulators will act, as some are calling for restraint while others are going for the jugular.

Altcoin Boom - Previous crypto bubbles have been completely dominated by Bitcoin. This is the first bubble cycle that significantly involved altcoins, and it did so in a big way. Many altcoins saw their prices rise 150 times their January 2017 price. Ripple even pegged a 400x gain year-over-year. More people became involved by buying speculative ICO tokens or “cheap” altcoins that aren’t necessarily good long-term investments. As the altcoin sector inevitably contracts in the face of a bust, and many projects die, ordinary investors are going to find themselves burned even worse, and will be that much more reluctant to participate in any future price recoveries.

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Coins Guide George Shnurenko

How to Exchange Ripple to Cash

🎓 Coins Guide
Since their introduction, cryptocurrencies have come quite a long way, and while many have collapsed along the way, several have stood the test of time.
How to Exchange Ripple to Cash

Since their introduction, cryptocurrencies have come quite a long way, and while many have collapsed along the way, several have stood the test of time. Among those that have survived over the years is Ripple. This network has managed to not only survive but also thrive with rising market prices and adoption popularity.

Designed to be a fast money transfer platform, the Ripple network has improved digital money transfer quite significantly. Currently, it is recognized by many banks, and its currency offers several beneficial features. Therefore, converting your XRP to cash shouldn’t be hard. If you have all the requirements and follow the right procedure, you should be done within a few minutes. Sometimes the coins take a little longer to show up on the exchange account. This article will guide you through the process of transferring your XRP to cash, preferably US dollars.

Exchanging XRP for cash involves various options where you can directly sell XRP to an exchange that accepts XRP deposits and get cash in return. Alternatively, you can convert it by trading XRP for another crypto first then exchange that cryptocurrency for money in an exchange that accepts that specific crypto.

Other options involve various exchanges to choose from, and these exchanges may require more steps. These exchanges can be better understood by the following process of selling the Ripple for cash.

The Exchange Procedure

  • Create an account through registering. You will have to confirm this account through your email.

  • You have to verify your account. Sometimes this may be done through you producing your name, country, and pictures of identification documents like a national ID card or passport, and sometimes proof of residence. This is important if you want to withdraw fiat currencies.

  • The next step will be to deposit XRP in the account wallet. Some firms will charge an amount for this type of transactions.

  • Sell the coins in the wallet for cash.

  • Withdraw the money; remember this transaction may be subjected to fees.

The following are some of the most trusted and reliable exchanges to work with and their properties.

Bitfinex

Bitfinex has a verification process that requires you to submit the following: a complete online form, your email address, and residential address, valid issued govern identification document with pictures, an accurate bank statement highlighting name as an account holder and proof of residence.

It charges a rate of 0.02 fee on XRP deposits, does not accept USD cash or debit card withdrawals as well as Advcash withdrawals. Wire transfer withdrawals are charged 0.1% fee with a set minimum.

Exmo

With Exmo, you require either a national or international passport or an ID card, a proof of residence, a printed and signed user agreement, and a selfie with the user holding the ID with their EXMO account open in the background.

Deposits with Exmo are free of charge, but they do not accept cash withdrawals as well as debit card withdrawals. Wire transfer withdrawals are charged a $20 fee whereas Advcash withdrawals are free of charge.

Bitstamp

Bitstamp is a bit more stringent with requirements. It requires the user to confirm his or her name, address, ZIP code, date of birth, country and city. Also, an ID document and a proof of residence are a must for the verification processes. XRP deposits are free of charge with Bitstamp, but cash withdrawals (USD) are charged a $3.45 fee. Debit card withdrawals are charged a flat fee of $10 for amounts up to %1000 and 2% fee above this amount. Bitstamp does not accept Advcash withdrawal whereas wire transfer withdrawals are charged a 0.09% fee.

Gatehub Requirements for verification on this platform include a profile photo, ID, and proof of residence. They charge a 0.2% fee on XRP deposits and a 0.1% fee with set minimum and maximum for wire transfer withdrawals. They do not accept both cash and debit card withdrawals and Advcash withdrawals.

 

 

 

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📈 Pricewise Andrew Strogoff

Bitcoin, Ethereum, Ripple, Litecoin Bearish, Lisk Smashed Down

Pricewise
“The main four” feels negative today as BTC/USD, ETH/USD, XRP/USD and LTC/USD lose nearly 2-4%
Bitcoin, Ethereum, Ripple, Litecoin Bearish, Lisk Smashed Down

The currency pairs are red as top 20 cryptos have bearish moods today. The main loser for today is Lisk, which has lost nearly eight percent in the past 24 hours. The fundamental background is neutral as there is no events to influence the quotes significantly. However, general bearish moods may be explained by the investors disappointment with the results of Consensus 2018 Conference.

BTC/USD

BTC/USD Hourly chart

Bitcoin has lost nearly three percent in the past 24 hours. The currency pair, in general, seems to hold its downside tendency despite the fact that it demonstrates signs of a deep correction currently. We have redrawn the red descending midterm trend line as the situation changes all the time.

Let’s have a look at the situation within the Fibo retracement formation.

BTC/USD Hourly chart Fibo

BTC price jumped off $8,559 area (resistance) and moved lower, breaking through several Fibo and support levels. The ascending green trendline was crossed without any difficulties meaning bulls had no power to hold this upside tendency.

BTC/USD continues to fall as it has broken through the next support area at $8,380 and approached the closest support area at $8,184.

The possible scenarios for Bitcoin are the following:

  1. BTC price will develop its downside progress and reach the support area at $8,184. It coincides with the Fibonacci retracement 0.618 level. If sellers successfully test this support, Bitcoin price will likely to fall even deeper towards the next retracement level (0.786).

  2. Bitcoin will start to grow from the current level or from the closest support area at $8,184 targeting the closest 0.5 retracement level. If buyers are successful, they will have a chance to drive the currency pair even higher, towards the next 0.382 retracement level at least. The next resistance target is at the $8,380 area.

  3. There will be no significant changes in price and BTC/USD will stay close to the current levels.

ETH/USD

ETH/USD Hourly chart

Ethereum still holds bearish moods in the midterm. ETH/USD has lost nearly four percent in the past 24 hours. ETH price is above the midterm red descending trend line, but is not far from it. ETH/USD seems to have a deeper correction to the global midterm downside tendency. Ethereum price will fall even deeper this correction will be confirmed.

ETH/USD Hourly chart Fibo retracement

Let’s have a closer look at what is happening within the Fibonacci retracement indicator. ETH price is close to 0.5 retracement level currently. It has broken through several retracements and important levels including the green ascending trend line as buyers had no power to hold the uptrend. Ethereum price has also crossed two levels- $715.92 and $696.74. ETH/USD fluctuates close to the 0.5 retracement level in the moment of writing.

The possible scenarios for ETH/USD are the following:

  1. Ethereum will jump off the 0.5 retracement level and run towards the closest retracement support at 0.618. If successful, sellers will have an opportunity to push ETH/USD even deeper towards the closest support area at $677.06. In the event that they are able to break through this level, sellers will likely to push the currency pair towards $660.85 support area, which coincides with one retracement level.

  2. ETH price will jump over 0.5 retracement level and run towards the next closest resistance area at $696.74. If successful there, bulls will have an opportunity to drive ETH/USD further upside towards 0.236 retracement area.

  3. The currency pair will fluctuate close to the current levels without significant changes.

Card

XRP/USD

XRP/USD Hourly chart

The currency pair has lost nearly three percent in the past 24 hours. It seems that XRP/USD has ended its midterm downside tendency as it fluctuates with no clear direction currently. Ripple has left the red descending trend line and the green ascending one. XRP price seems to stay within a horizontal channel in the moment of writing.

XRP/USD Hourly chart Fibo retracement

Let’s see closer what is happening inside the Fibonacci retracement. XRP price is close to 0.618 retracement in the moment of writing and seems to jump off this level. The closest support area is at $0.6608. Ripple has broken the support area at $0.6914 and several retracement levels since it has ended is upside correction to the bigger midterm downtrend.

The possible scenarios for XRP/USD are the following:

  1. The currency pair will run towards the closest support area at $0.6608, which coincides with 0.768 Fibonacci retracement level and test those areas. If successful, bears will be able to push XRP/USD even lower, towards the next retracement level at least. The next closest support is at $0.6428.

  2. Ripple will run towards the 0.618 retracement level again. This one will be tested and if successful, bulls will have an opportunity to drive XRP/USD even higher towards 0.5 and 0.382 retracements. The closest resistance level lies at $0.6914 and coincides with 0.236 retracement area.

  3. There will be no significant price changes in the nearest future and the currency pair will stay close to the current levels.

LTC/USD

LTC/USD Hourly chart

Litecoin has lost nearly two percent in the past 24 hours. The situation still looks bearish in general as LTC price has ended its deep correction and seems to retake downside direction. We have redrawn the red midterm descending trend line as the situation has changed. Bearish midterm scenario is still actual.

LTC/USD Hourly chart Fibo retracement

Let’s see what is happening on the hourly chart within the Fibonacci retracement. LTC price is close to 0.786 retracement level, which gives support to LTC/USD in the moment of writing. The currency pair has broken through the green ascending trend line and crossed several retracement levels as well as two support areas at $135.90 and $132.88.

The possible scenarios for Litecoin are the following:

  1. LTC/USD will develop its downside progress and break through 0.786 retracement level. Sellers will have an opportunity to push the currency pair even lower towards the next support area at $129.79, which coincides with one retracement level.

  2. The currency pair will jump off 0.786 retracement level and run upwards. The closest resistance area lies at $132.88. If buyers break it through, they will be able to drive the currency pair even higher towards 0.618 and 0.5 retracement levels. The next resistance area is at $135.90. It coincides with 0.382 retracement level.

  3. There will be no significant changes in fluctuations.

LSK/USD

LSK/USD Hourly chart

Lisk is the true “leader of today’s losers” as the currency pair has lost nearly eight percent in the past 24 hours. LSK/USD seems to hold general bearish moods as the currency pair has significantly fallen from its May highs. However, Lisk managed to leave the red descending midterm trend line and is trading higher at the moment of writing.

LSK/USD Hourly chart Fibo retracement

Let’s have a closer look at what is happening inside the Fibonacci retracement formation. Lisk price is close to the support area at $10.3514, which coincides with 0.786 Fibonacci retracement level. LSK/USD has already crossed the green ascending trend line and several support areas as well as retracements.

The possible scenarios for Lisk are the following:

  1. LSK/USD will break through the support area at $10.3514 and develop its downside progress towards the next support area at $9.9868, which coincides with one retracement level. If successful, bears will be able to push the currency pair even lower.

  2. Lisk will jump off the support area at $10.3514 and run towards the closest 0.618 and 0.5 retracement levels. If bulls manage to break them through, they will be able to reach the closest resistance area at $10.9237.

  3. There will be no significant price changes today.

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🤷 Opinions Darryn Pollock

The Fight For Democracy in the Crypto Space

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Democracy, in terms of the Blockchain protocol is supposed to be a key feature, but as it stands there is more radicalism happening
The Fight For Democracy in the Crypto Space
Contents

Democracy has been a core pillar of society since the days of the ancient Greeks, and since those days it has never abated, merely adjusted and evolved. The idea that the majority have the overall say transcends all facets of life and is an important and fair governance system.

Thus, because of its ability to quash any form of centralized and unfair control, it has also become an important part of Blockchain protocols and their decentralized nature. Governance of Blockchain, especially when it comes to Proof of Work and Delegated Proof-of-Stake, is based entirely on democracy.

However, democracy is not all in Blockchain, nor in general society, as there are a few ways in which to bend this governance system, and as such, we are seeing a new movement in the Blockchain space.

Blockchain governance and its democracy is starting to become far more radical rather than more inclusive and open as the space grows. However, for the cryptocurrency communities, the desire is now for a real working democracy on the human level welded with proper machine level. People want a fair democracy and this can happen when supported on the Blockchain protocol level.

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Breaking tradition

One of the core thoughts of Francis Fukuyama in his 1992 book "The End of History and the Last Man" was that democracy was the final form of human governance and that it was easier to see a radical converting to a Democrat than vice versa. But time proved he was wrong.

But, he also added: "What we may be witnessing … is the end point of mankind's ideological evolution and the universalization of Western liberal democracy as the final form of human government,” leading us to believe that no further improvements are left to be made upon democracy.

Now, in the Blockchain space, we have seen a rapid microcosm of democracy and its evolution. Blockchains, in their original form, such as Bitcoin and its Proof-of-Work algorithm, proved a democratic standing as crypto-anarchists worked in communities.

Anyone who supported the Bitcoin network early on was given a chance to gain more Bitcoins through the PoW algorithm. People received fair rewards for being part of the network and keeping it live. A fair reward for fair effort.

This was then later done differently, but under the same principles when Dan Larimer proposed and implemented the Delegated Proof-of-Stake (dPoS) algorithm, such as in EOS. The idea behind dPoS was voting and democracy. Also a fair system.

EOS’s developers say that by delegating the responsibility for processing transactions to just 21 “block producers,” which are to be elected by the community of token holders, the system will be able to achieve thousands of transactions per second (compared with just 15 per second for rival Ethereum).

These basic principles of democracy in PoW and dPoS are enshrined in order to enact a fair system for communities to operate democratically. However, through the nine years of Blockchain being in existence, the growth of the space has led to a degeneration to radicalism, and even in the newer dPoS system, we are already seeing a movement away from democracy, counter to what Fukuyama predicted.

Importance of democracy

Blockchain’s protocol and its democracy underlying it comes from an important key feature of cryptocurrencies in general, the decentralization and the removal of centralized authorities. Thus, it is understandable why there is such an importance placed on democracy in the Blockchain protocol.

Ethereum founder, Vitalik Buterin explains:

“Over the last half-decade, each of us has, in his own way, been working on a part of an alternative solution: to find ways to harness markets and technology to radically decentralized power of all sorts and shift our reliance from authority and to formal rules.”

He further continues that, Bitcoin and other cryptocurrencies emerged directly as a reaction to the perceived excesses of the traditional financial system.

Democracy may be an essential facet of Blockchain, but it is also key as to how it works. An easy example is provided by Josh Zerlan, VP of Product Development at Butterfly Lab:

“There are thousands of miners around the world, all collectively trying to process various transactions. Although not widely utilized currently, miners have the ability to accept or reject certain transactions. They can choose to refuse to process transactions. Let’s think about that for a moment. An individual miner can choose to not process a transaction, but someone else will, therefore that individual miner’s choice doesn’t make a lot of difference. <...> But what if more than half the miners decided to stop processing transactions from an entity they disagree with? Now the choice of those miners has an impact. If more than half of the network decides something does not belong on the network, the transactions will never make it into the blockchain, effectively being ignored by the bitcoin universe.”

While the democracy in the Blockchains may be moving towards radicalization, it is important to remember why these key democratic features are prevalent and abound.

The grassroots movement and drive is there and it’s strong — projects like Telos and UCOMMUNITY fork the EOS code to create their own consensus algorithms with the objective of fair distribution and voting rights. We are going to see more and more movement in this direction.

The want and ability to have democracy

It is dangerous for those involved in the Blockchain space to become too radical and to leave out democracy as a core concept in the space. There is indeed a fight going on for democracy in blockchain, and with this fight, people are showing that they do indeed want a fair democracy and this can happen when supported on the Blockchain protocol level.

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SingUlarity Darryn Pollock

Dealing With Intangible Assets

SingUlarity
When it comes to company assets, intangible ones are dynamic and fluid, and are becoming vitally important when considering blockchain tokens
Dealing With Intangible Assets

Assets, commodities, and possessions in a business and financial setting have come a long way. From bartering crops and selling goods to stocks, bonds, and equities, the digitalizing of the globe has led to assets changing their face, and even their tangibility.

Now, companies and corporations are being valued on abstract concepts that fall under their intangible assets, and even determining that value through these intangible assets is starting to change. Company evaluations are shifting — they are no longer based just on pure equity but rather much more on their IPOs and publicly traded stock. This gives insight into a company that has a rich bank of intangible assets.

To this end, it is unsurprising that Blockchain assets for companies operating in this new space are starting to be viewed as a truer evaluation of the company. Cryptocurrencies can be viewed as an intangible asset, and as a new way of representing the value of a company. As these digital tokens grow in value and worth, they lend that growth and value to the overall stance of the business.

The way these intangible assets are shaping up and moving with the help of a new technological wave like Blockchain, it will eventually lead to a more distributed, transparent and thus truer and fairer reflection of a company's worth through these inclusive and attainable assets.

New intangible assets emerging

As a pure definition, an intangible asset is simply an asset which has no physical qualities to it. To be intangible means that one cannot touch, see, smell it, etc. But looking deeper into it, anything from goodwill, brand recognition and intellectual property — such as patents, trademarks, and copyrights — are all intangible assets.

However, even these assets are starting to be overtaken by another intangible asset that is emerging alongside a new technology. Blockchain companies are springing up, much like tech companies, with a solution to new problems, but these Blockchain companies come with their own assets.

Cryptocurrencies are the new intangible asset that is not only clearer and more transparent in terms of valuing their worth, but also generally better for the entire marketplace. The cryptocurrency worth of a Blockchain company can represent a much truer valuation than another company with traditional intangible assets.

In fact, the model of capitalism itself is in a state of flux. Tech companies have already tested its bounds in terms of equity and valuation, but as things move forward and more Blockchain companies spring up, the general idea of capital in a capital-free system will make valuations incredibly difficult and inaccurate. However, a cryptocurrency allows for market value to be attributed as a new form of intangible equity of a said company.

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A change in valuation

Companies are starting to be valued on much more than simple Assets - Liabilities basis. With this change comes the difficulty in valuing intangible assets. Putting a figure against brand identity is really an estimation and prone to purposeful inflation or deflation.

Tangible assets are easy to value, and thus easy to use to determine the equity of a company, but then there are some companies like Microsoft and other Tech giants that really own very little in the way of tangible assets. Their wealth is in intangible assets.

As Microsoft's founder Bill Gates puts it: “Products you can’t touch have a very different set of dynamics in terms of competition and risk and how you value the companies that make them.”

A lot of intangible assets are valued on the basis of public sentiment, and the metric for this is derived from things like IPOs and publicly traded stock. But the difficulties in determining the public sentiment from the excitement around stocks is equally difficult and often purposefully inaccurate.

Issues with the new standard in valuation

With IPOs and the resulting publicly traded stocks, the level of distribution and sentiment is often not a fair reflection. The system leaves the door open to big company investors like VCs and fund companies as well as big and wealthy individual investors that can use their money to move the markets.

These types of players always influence how the publicly traded companies work and how much their intangible assets are worth. Investment groups and companies can help prop up and lift companies, thereby influencing their true worth through their intangible assets in a way which can bring a swell of false public hype and frenzy.

In many ways, this is a form of market manipulation, as big money has all the power to pick and choose its own desirable companies to inflate. But, if stocks are being cherry-picked to inflate in order to grow the intangible assets of a company and thus give it a higher evaluation, the same cannot be said for cryptocurrencies.

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A Blockchain company’s desire is to distribute and include a vast and different arrangement for people to buy and invest in its cryptocurrency. Thus, if we take the same metric of a stock and use it against a cryptocurrency, the public sentiment is a far truer reflection because it is also on a market, but its price is heavily influenced by public sentiment.

And again, that public sentiment moves on an almost daily basis as this distributed group of ‘investors’ can easily buy and sell and trade their cryptocurrencies dependant on positive or negative news surrounding the blockchain company.

Inclusive, achievable intangible assets

Publicly traded stocks for traditional companies are technically open to all, but they are a lot harder to get one’s hands on as there is a level of exclusivity and exclusion that surrounds stock trading. Additionally, the model is not community oriented or decentralized, nor well distributed.

The more one looks at it, Blockchain assets are a much stronger and truer metric of company value. They are an intangible asset which is firstly easier to value as they operate on an open and transparent market, and secondly, they are a way to measure sentiment and growth in a company as they are far more distributed and liquid.

It allows these buyers of the token to be vested in the potential and possibility of the company; cryptocurrency assets often correlate strongly to the success of a company.

If a company is moving forward and hitting its targets on the way to its final goal, this is often predicated on the growing value of their token. It is also linked to an increase in interest and hype as more individuals buy the open and freely available token, which is then also well distributed.

So, if we consider these coins as intangible assets because they are not part of an asset which would determine equity, but they are a marker of success and sentiment in a company like a publicly traded stock, we can start to understand them a little more.

They do not have the difficulty of exclusivity, and thus are much more communal and therefore much truer as a metric by which to value a Blockchain company.

A decentralized community evaluation

People often call the cryptocurrency space a bubble since so many people are drawn to it and have bought into it, especially when it comes to ICOs and Blockchain companies. However, this is probably an unfair assessment of the space.

There is a creation of decentralized communities which are learning to accurately assess the intangible assets of companies. The shrewdness of a true distributed and decentralized collective is a determining metric that many mainstream tech companies cannot say they have as their basis for value.

Many tech companies may have had their value propped up by VCs and investment firms that helped kickstart them to success, but those in the Blockchain space have nowhere to hide. Their every move can be tracked and traced by the value of their tokens, which plays a part in their intangible asset worth and thus really in their total actual value as a business.

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