Zcash (ZEC)

Recently, the SEC launched a FinTech portal to help it communicate better with participants in the FinTech ecosystem. This hub will play a major role in facilitating beneficial innovations to grow and thrive. One of these innovations is none other than ICOs. ICOs have so far been largely unregulated, but the SEC is looking forward to regulating them in a way that helps them thrive, while protecting investors. The SEC is looking to present information about them, to better educate the public as can be seen below.

Companies and individuals are increasingly considering initial coin offerings (ICOs) as a way to raise capital or participate in investment opportunities. While these digital assets and the technology behind them may present a new and efficient means for carrying out financial transactions, they also bring increased risk of fraud and manipulation because the markets for these assets are less regulated than traditional capital markets. That’s why we are providing this information about the three “Rs” of ICOs: Risks, Rewards and Responsibilities.

Impact on platform blockchains like ETC.

Regulations on ICOs will be quite a boost to most platform blockchains such as ETC. It will open up these blockchains to massive growth going into the future. The ICO craze of 2017 is prove to this, given that it pushed Ethereum (ETH) to over $1000. With regulations, ICO enthusiasm can return to the market and blockchains like Ethereum Classic will gain momentum again. Ethereum Classic has gained lots of publicity in the recent past, and if ICO momentum were to return to the market, Ethereum Classic (ETC) would draw in a good chunk of them, and this will push up its value going into the future. An upsurge in ICOs could be the trigger that takes Ethereum Classic (ETC) back to its 2017 highs.  Actually, it could probably rise higher than its 2017 highs, based on a number of other core factors.

One of them is its potential to have an impact in the IoT market. Part of its roadmap for 2019 is the launch of a light client for IoT.  The IoT market is a high growth market and will gain momentum as the infrastructure, such as 5G, slowly takes shape.  This is a market that will give a significant boost to the value of ETC going into 2019 and beyond, even if ETC were to win just a fraction of it. When combined with the possibility of a new ICO wave, it makes ETC a high potential blockchain in 2019 and into the next decade.

More short-term, Ethereum Classic (ETC) could open the week in positive territory. For the last two days, it has been on a gradual upside push from a low of $9.68 on 19th October, to a high of $9.99 on the 21st. However, it has eased up a little bit, and is now trading at $9.84, a price level that is now acting as minor support.Ethereum Classic

If Ethereum Classic (ETC) makes an upside push from this price level, it could possibly hit a high of $10.11 in the course of the day. That’s a level it ranged at last week, and one that could act as a resistance point in the next 24-hours.

LEAVE A REPLY

Please enter your comment!
Please enter your name here