The cryptocurrency market is only exploding in India. The US$ 91 Mn industry is expected to leapfrog in the coming years powered by growing awareness about digital currency. But tell us, are you aware?
The last few years are remarkable as many investors left Wall St. and Dalal Street big handed by minting enormous returns by their new found strategy, Bitcoins and Cryptocurrencies. While the debate between its boon and bane never failed to hold a separate place in the daily headlines, many investors were quick enough to jump on the new train.
Presenting before you - Polygon. Recently, this cryptocurrency hit the news for having received investment from US billionaire entrepreneur Mark Cuban. What’s more, in the last month itself, its value has risen by a whopping 120%! And to everyone’s surprise, it even outperformed most of the cryptocurrencies last week, even Bitcoin!
With growing advancements in technology (especially fintech) and a plethora of investment options popping up, investors have really become spoiled for choice. Many startups are coming up with unconventional and rather innovative ways of funding their businesses. Take ICOs, for example – there are just so many ICOs raising money and capital for essential and useful projects.
Cryptocurrencies have indeed become a fad! No wonder why it's inching up in the investment avenues ladder, despite tough competition from traditional asset classes like equity, debt, gold, etc.
Cryptocurrencies like bitcoins are slowly taking over the world. Many interesting investing options have popped up. One such investment option is the Initial Coin Offering (ICO) - a type of funding using cryptocurrencies. This article follows our previous articles on ICO basics and the working of ICO tokens.