BTCS Inc (BTCS)

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NEW YORK, October 30, 2017 /PRNewswire/ --

According to a report published by MarketandMarkets, the cryptocurrency market is expected to grow from USD 541 million in 2017 to USD 2,902 million by 2023, and at a Compound Annual Growth Rate (CAGR) of 32.31 percent during the forecast period. The market is growing rapidly due to people's strong enthusiasm in the digital currencies. According to industry website CoinDesk, the price of bitcoin has gained over 470 percent this year. The cryptocurrency market is segmented into peer-to-peer payment, remittance, e-commerce and retail, media and entertainment, and others on the basis of end users. The report indicated that peer-to-peer payment segment held the largest market share in 2016, due to the surge in cryptocurrencies' price since 2014. Mogo Finance Technology Inc (OTC: MOGOF), Bitcoin Investment Trust (OTC: GBTC), BTCS Inc. (OTC: BTCS), Riot Blockchain Inc. (NASDAQ: RIOT), MGT Capital Investments, Inc. (OTC: MGTI).

The market for Blockchain technology, which are used to manage the databases that records cryptocurrency transactions are also expected to experience rapid growth. According to a report from Research and Markets, the global Blockchain market is valued at USD 210.2 million in 2016 and is expected to reach USD 2,312.5 million by 2021 along with a GAGR of 61.5 percent during the forecast years. The report indicated that infrastructure and protocol providers segment held the largest market size in 2016, while the application and solution providers segment is expected to have the highest growth rate during the forecast period.

I know this was back from October but it’s projected forecast that was pretty accurate. Looking at all the the “bitcoin/blockchain plays” right now they are leveling off at a new low considering where they have started at. Some are going past previous resistance marks. Longs will pay off imo.