Urvashi Verma

Market Watch: Consensus Triples Attendance, Crypto Markets Post Modest Gains

Consensus 2018 draws massive crowds in NYC and raises $17 Mln in ticket sales alone.
Market Watch: Consensus Triples Attendance, Crypto Markets Post Modest Gains

The number of attendees at Coindesk’s Consensus Conference in New York has nearly tripled to 8,500 compared with 2,700 attendees last year, according to estimates by Barry Silbert, CEO and founder of parent company Digital Currency Group.

The three-day conference which kicked off Monday morning drew such massive crowds at the New York Hilton Midtown that lines went across the Hilton lobby and continued on another floor connected by an escalator, according to CNBC.

The conference is offering more than 20 other events as part of "Blockchain Week NYC" and charges a minimum of $2,000 per head. The event is expected to take in $17 mln in ticket sales alone this year.

Consensus attendee Jeff Denton, senior director of global secure supply chain at AmerisourceBergen in Philadelphia told CNBC:

"I've never seen anything like this for registration. I've been in line for an hour. It's expensive, but it's the largest one in the U.S. So hopefully that brings the value for the cost."

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In response to the overwhelming lines and long wait time, Jacob Donnelly, director of marketing at CoinDesk, said that company was working to reduce wait time.

Whether all the mania and enthusiasm will ignite another bullish rally in cryptocurrency markets, like last year when Bitcoin catapulted by $2,000, remains to be seen.

At the time of writing, coins in the top 10 have seen modest gains – Bitcoin (1.54%), Neo (1.24%), Ethereum (0.9%), Ripple (0.4%) – with Dash (6.03%) and Litecoin (3.79%) posting the highest increases in 24 hours, according to data reported by Coinmarketcap.

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