- August 17, 2017
- Posted by: sweisbrot
- Category: Business
As the market has recovered from an early summer crash that saw a loss from $116B all the way down to $70B before recovering nicely, now with a market cap of $141B USD.
For those of you who are following Lampix, behind the scenes I have been working tirelessly to raise awareness and raise funds for them in China (nearly $500,000 in the last 6 days).
In the process of working with them, I have learned just how important China is to a company’s immediate bottom line, and future potential growth opportunities.
I’ll use 2 examples to explain what I mean.
- Civic (CVC)
Civic is an Identity Verification system on the Blockchain (pretty interesting and novel to be honest, even though I haven’t invested in them yet).
They have been listed for well over a month outside China, and were hovering around $0.25 to $0.30 per coin.
On August 10th, they listed on BTER, a Chinese exchange platform of modest size (about $50-$75M USD processed per day).
Their market cap went from $75M USD to $200M USD + in 3 days.
Their price surge 250% in 3 days.
If you look at the chart above, you’ll see that they are even maintaining this growth and it will probably stabilize around $0.55- $0.60 per coin for now.
If they hadn’t gotten into a Chinese exchange, they’d be stuck at the level they were before, so we can say gaining access to the Chinese market launched them to a higher level.
2. MonaCo (MCO)
MonaCo is another cool Blockchain startup, and they are focusing on linking physical cards to digital wallets that can bind with cryptocurrencies and be spent anywhere in the world.
Essentially, you load your digital wallet with crypto via your app, and then link the wallet to the card via NFC, and then spend wherever you go because it gets automatically converted into the local currency once you swipe the card and enter your PIN.
There are a few other companies doing the same thing (TenX, TokenCard), but neither of them got into China like MonaCo did.
On August 16th, the mere ANNOUNCEMENT that they would get listed on Binance (another Chinese exchange of moderate size, which processes $50M-$80M USD per day) sent their price soaring over 100% overnight.
I can only imagine what will happen when it actually launches in China.
If you want your company to grow in size and expand into China, we can make it happen for you.
If you liked this article, why not read my last one titled WHY I INVESTED IN THE PRESEARCH ICO?
I have invested tremendous effort and capital over the past 18 months researching and experiencing different aspects of the Industry.
I have been hired by clients to provide services such as Blockchain industry analysis, consulting, advising, public speaking, Angel/Pre-ICO/ICO stage fundraising, as well as getting listed on Chinese exchanges.
If you want to learn more, click here.