Figures 1.4 and 1.5. Forecast of total cryptocurrency market capitalization
In the first week of October (October 2-8, 2017), the market stabilized after the fairly sharp fluctuations (drops) in September, with gradual growth in its capitalization being seen. The second week of October (October 9-15, 2017) brought market growth of 16%. Many experts predict a significant increase in the exchange rates of the main cryptocurrencies by the end of the year. For example, entrepreneur and blockchain enthusiast Trace Mayer believes that the appreciation of the Bitcoin rate to $27,000 is possible. An important factor which will determine the development of the cryptocurrency market in Q4 2017 and over the next year will be the actions of the governments of various countries to regulate the market. According to business consultant and member of the Board of Directors of the blockchain startup CopPay, Ichak Adizes, within five years cryptocurrencies will become legitimate global currencies. Christine Lagarde, the Managing Director of the International Monetary Fund, also believes that the future lies with cryptocurrencies.
We believe that cryptocurrency exchange rates will continue to grow, and the Bitcoin exchange rate, in particular, will exceed $10,000 by the end of the current year. However, the risk of market fluctuations will remain.
Table 2.7. Top 9 ICOs in terms of the amount of funds collected, Payments category
At present, the Token Performance indicator for all top 9 projects in the Payments category ranges between 0.55x and 23.89x. The exchange listing of the OmiseGo ICO can be considered one of the most successful projects, as this project has a ratio of Current Token Price to Token Sale Price of 23.89x. When considering this indicator, it is important to remember that the OmiseGo ICO ended on July 5, 2017, i.e. the token performance grew 23.89 times over the course of approximately three months.
https://www.coinspeaker.com/2017/10/18/weekly-cryptocurrency-ico-market-analysis-october-9-15-2017/
