Only charts

Crypto currencies have fallen almost 50% this month. With top currencies like bitcoin and etherum reaching levels not seen in a year. I believe those levels represent critical support and we will see marvellous rebound from current areas. Etherum will definitely recover from early nineties , possibly around 95$ . The rebound may continue till 600$ . No change in fundamentals , however we might see some great projects coming live soon and possible mass acceptance for bitcoin and etherum in the retail world. We still have a big war running between card processors and crypto processors. The rebound will be technical mainly.

Bitcoins and altcoins are now being used as a source for fundraising . New startups are using the block-chain technology to fund their companies in more decentralized way. That obstacle of finding funding sources blocked many tech startups from gaining customers and running the business. Now new startups can use block-chain technology to create new way for collecting funds needed for their companies to start running. For example startup Mastercoin managed to raise $500k back in 2013 which is based on bitcoin block chain. Another astonishing example is DAO "Decentralized Autonomous organization" which was built on etherum block chain raised an equivalent of $150 million last year. Startups manage to raise money using "ICO" which stands for initial coin offerings. this year so far there has been around 25 icos which raised around $160 million. Initial coin offerings are selling or offering tokens "coins" to users or investors in exchange for a service or...