Five companies that have joined the bitcoin fever and the blockchain
However, the former undisputed leader of photography has not been the only firm that has tried to take advantage of the rise of cryptocurrencies to take advantage in the form of increases in the stock market. "This is getting ridiculous," says Dennis Dick, a Bright Trading operator in Las Vegas. "From a fundamental point of view, none of this makes sense." But, to what they dedicate these signatures ?.
1.- Overstock.com
Overstock.com is a company dedicated to offering branded products with discount on the Internet, ranging from jewelry to electronics to sports products. This was one of the first signatures to accept payments in bitcoin or bitcoin cash.
In addition, in December it announced that it would launch an ICO (Initial Coin Offering, in English, an instrument to finance the development of new protocols), to capture 250 million and reshape the business. Since May minimums last year the company has multiplied by 5.7 times its price and is worth more than 2,000 million dollars.
2.- Longfin
Longfin is a small Fintech company that announced last year the purchase of Ziddu.com, a blockchain firm, in exchange for 2.5 million Longin shares - 4.5% of the company's capital. The communication caused their titles to rise more than 2,000% in just two sessions.
In this way, the company went from capitalizing 286 million dollars before the announcement to averaging a stock market value that now stands at 3,640 million dollars. All this despite the fact that from the maximums that reached to touch in the 142.8 dollars has regressed 70%, up to 42.6 dollars per title.
3.- Xunlei LTD
Xunlei is a Chinese company specialized in cloud computing. In 2017, it managed to multiply its price by 4. And he got it after he announced in August a new strategic plan that was built around the Blockchain.
In the eighth month of the year launched a platform called OneCloud where data is transferred using blockchain technology. Even many of the detractors of bitcoin agree in highlighting the multiple qualities offered by the blockchain and the company has known how to take advantage of it in the parquet. So far this year, the ADR of the company has risen by 49% and its stock market value has risen above 1.500 million dollars.
4.- ChinaNet
One of the latest signatures to join the blockchain fever has been ChinaNet. The tiny company of the Asian giant - barely capitalizes 80 million dollars - was the protagonist on January 4 after announcing its union with Jingtum, a firm linked to this technology.
The company has multiplied by 7 its value since then, although it came to multiply it almost by 10 after knowing the news. The last thing that has been known about the company is that last Thursday he appointed a new Chief of Strategy to carry out the strategic plan for the development of blockchain and other related businesses.
5.- Pareteum
Pareteum is a firm that offers communication platforms in the cloud and has also decided to get on the bitcoin wave. The company announced on December 26 that it had added blockchain technology to its services, which would allow its users to accept and process bitcoin, ethereum, litecoin, airtokens and other cryptocurrency. After the announcement their titles came to multiply by 4 their value, although from the maxima have corrected 17% and the company barely capitalizes 100 million dollars.
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It is fascinating that "old" companies like Kodak are now trying to jump on the bandwagon of blogchains and develop new business models. Perhaps bakers, petrol stations, hairdressers or something like that will follow at some point. Probably we doctors will be at the end of the line and last to know where the train of time is heading.