A review of some of the various online publications covering the cryptocurrency space (ie: CoinDesk, Medium posts, BTCNews, Coin Telegraph, CNBC) yields a uniform sentiment that the plethora of ERC20 initial coin offerings and the emergence of the Ethereum Enterprise Alliance is fueling the breakout trend of the Ethereum platform.
Just today the Bancor Protocol ICO made history by posting the second highest ICO behind the Etherum DAO--$153 million.
Some analysts and commentators on sites like Seeking Alpha and Zero Hedge are claiming that the current uptrend is a so-called "bubble."
The volatility of cryptocurrencies in general is probably an indication of a new normal as this embryonic asset class integrates into the economy coming into being as a result of the "fourth industrial revolution," a term used by Klaus Schwab to denote the natural evolution of the information age into the 21st century economy.
Will the bottom fall out? The roller coaster-like market corrections across the cryptocurrency exchanges are enough to test savvy speculators with an investment climate that is not for the faint of heart. Those who hang on for the ride may be well rewarded for their calm persistence.
Perfectly!
Great article
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