Crypto Week in Review 3/23/2018: Large Enterprises Dominate the News Cycle
While it’s impossible to predict the direction of the cryptocurrency markets week to week, one clear trend is beginning to emerge: the involvement of large enterprises as driving factor in the news cycle. In just one week, Microsoft, Twitter, Google and IBM all made breaking news for taking some form of action related to cryptocurrency or blockchain technology. These large enterprises have identified that this movement is not going anywhere, and the smart ones are beginning to incorporate these technologies into their products.
Unfortunately, any piece of negative press always seems to cancel out the mostly positive news as the markets are primed to react in a knee-jerk fashion. This period of price consolidation is certainly building up to a big move, up or down.
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Here’s everything you missed as we head into the weekend:
News of the Week
Top Gainers of the Week
% represents 7-day change at 5 PM on Friday. This list does not include pump-and-dumps or dead projects. Graphs show 1-month time frame or longest available time frame under a month for reference.
Description: Gamified micro tasks.
Description: Privacy masternode coin.
Description: First platform to tokenize people.
Description: The ICON Network is comprised of various institutions ranging from:
financial institutions, insurance companies, hospitals, universities and more.
Description: Veritaseum builds blockchain-based, peer-to-peer capital markets as software on a global scale.
Loom Network (49.03%)
Description: The next-generation blockchain platform for large-scale online games and social apps.
Description: Global payment provider.
Time New Bank (43.31%)
Description: Precision time-value transmission platform based on blockchain technology.
IoT Chain (43.07%)
Description: IoT Chain (ITC) is developed as a lite operating system using the blockchain concept and implementing PBFT, DAG, SPV and CPS technology, allowing data to be layered and stored in a decentralized manner and providing protection with the combined strength of the millions of IoT nodes within the network.
Description: VOISE is a blockchain powered anonymous decentralized platform with personalized token based on Ethereum’s smart contract ecosystem for transactions.
Description: Automated influencer marketing on a global scale.
Profile Utility Token (34.77%)
Description: Allows a profile owner to tokenize and monetize their social media presence via blockchain technology
Description: Scalable decentralized applications built and tested in a public environment.
Description: Decentralized Exchange and Open Protocol
Description: Decentralized content entertainment platform based on blockchain technology.
Description: CREDITS is an open blockchain platform with autonomous smart contracts and the internal cryptocurrency.
Description: The secure, scalable blockchain that actually works.
Description: Decentralized AI-powered trust alliance.
Visit us again next Friday to check out which cryptocurrencies make the list of top gainers.
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Disclaimer: The author(s) of this article may have a position in one or more of the securities mentioned above. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.