Published
5 years ago on
July 02, 2018
“Switzerland-based Crypto Valley Association also took part in the research, underlying the fact that the amount raised from digital currencies sales has almost doubled compared with 2017. Technology startups in the blockchain space around the world have raised funds by selling cryptocurrencies, or tokens directly to investors in initial coin offerings (ICOs), bypassing banks or venture capital companies as intermediaries.â€Here are some of the findings of the PwC report: Between the months of January 2018 and May 2018, cryptocurrency sales hit $13.7 Billion. To date, there have been 3,470 Initial Coin Offerings, of which, only 30% have closed successfully. In the United States, in 2018 alone, 56 token sales have been registered, raising a total fund of $1.1 Billion. In the United Kingdom, in 2018 alone, 48 token sales have been registered raising a total $507 Million. You can see more from The Paypers for yourself here- https://www.thepaypers.com/cryptocurrencies-bitcoin-virtual-currencies/digital-currency-sales-to-double-in-2018-compared-with-2017-pwc-report/773793-39?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thepaypers%2FcfKW+%28The+Paypers+Headlines%29 What does all of this mean? Naturally, an increase in sales means an increase in mainstream interest. Of course, the high prices of cryptocurrencies at the start of the year did hit mainstream headlines and thus, as a result, many more people were inspired to buy in. As mainstream interest grows, other areas within society will start to develop an interest in cryptocurrencies, for example, commerce and shops etc may be more inclined to start accepting cryptocurrencies, if they learn that their customers are already buying crypto.
