Cryptocurrency market is growing fast with more and more new currencies emerging every year. 2017 was a very fruitful year too, with so many exciting projects appearing that it is difficult to keep track of them all. So let us take a closer look at the five most promising newcomers of 2017 whose positions are growing fast.
ICO stands for Initial Coin Offering, sometimes referred to as crowdsale, which can be interpreted as a mean for startups to issue their digital currencies built like Bitcoin. This fundraising method came into being in 2014, however, started to be widely and successfully used only in 2017. Only in the last year, more than $3.5 billion was raised through ICOs.