ICOs are raising incredible amounts of wealth for their owners. This year alone $6 billion has been raised through ICOs. Interestingly, some observations show that a good chunk of this money is not going towards project development. Most of it is going into the pockets of the founders who are spending it on the good life, or in other investments that may not be related to cryptos, leave alone their ICOs. All this while, the investors are left holding worthless projects, many of which are now over 90% down. Simply put, ICOs have become an easy way, for people looking to make a quick buck in the unregulated crypto market.
But this won’t go on for long. As more investors get to know of this fatal flaw in ICOs, many of them will die off. The recent market shake-off could just be the beginning, as most of the projects start to dwindle off the market. This means that in the long run money flowing into crypto will mostly go into true blockchains such as Digibyte (DGB) and bitcoin (BTC). Today, there is lots of money in the crypto market but it is dispersed into lots of projects that have no real use in the market. The fact that these projects are drawing in investors means that people do actually have an interest in cryptocurrencies, it’s just that many of them are investing in the wrong projects.
But things are changing, going by the selloffs that most ICOs have experienced lately. This money will ultimately move into high quality true UTXO blockchains like Digibyte. Digibyte (DGB) specifically stands to draw in more investors due to its strong utility value. That’s because it is extremely fast, which makes it quite useful as an everyday currency. On top of that, it has a strong use case in cybersecurity. Jared Tate has specifically stated in the past that the biggest use case for Digibyte is in cyber security, especially in securing IoT devices. Given that IoT is the next big thing in technology, then naturally, Digibyte’s intrinsic value will be extremely high in the future. Therefore, with such a strong use-case, a consolidation of money in the cryptocurrency market could very easily see Digibyte (DGB) make supernormal gains in the future.
All it will take is for the Digibyte Awareness Team to become more proactive in pushing Digibyte into more exchanges and let more people know about it. This will see the fortunes of Digibyte improve by a huge margin in the future. In a few years, the crypto market will look very different from what it looks like at the moment, and Digibyte (DGB) will be one of the key beneficiaries of this changed market. For savvy investors, this might be the best time to get into Digibyte, before the big moves happen.