Just like every romantic encounter can produce a child who grows into a billionaire or a janitor, every ICO is creating a company or product which must now navigate its way into the world. In this three-part series, the author makes predictions on a few ICOs he believes will stand the test of time.
Often during this series, you will notice that the author is an active investor or participant in the thing he is writing about. We hope you keep this in mind when reviewing all forward-looking statements from the author, who is not a registered financial advisor nor wishes you to strictly follow his advice instead of your own intuition.
Read the first part of the series here.
To quote a CCN article from several months ago, Vitalik Buterin will eventually leave the Ethereum project:
However, just like Facebook, Google or Apple were built by many, but are personified by one person, the face of ethereum is undoubtedly Vitalik, probably because this space already has a leaderless currency, bitcoin, and some think that’s not going very well. Gavin Andresen did not want to lead, decentralizing power and influence. He went so far as to resign from his position of lead maintainer, launching his own client so as to give bitcoiners a fair choice.
He has had a close association with the creators of OmiseGo, is often seen publicly with them, and they have claimed that OmiseGo is the first project which is in line with his scaling solution, Plasma.
In recent weeks, because of such buzz, the price of OmiseGo has seen a healthy rise:
As you can see, looking at the top assets, it’s entirely imaginable that an asset such as OmiseGo could long-term have a great deal of value.
Its entire aim is to bring legacy finance on board with cryptocurrency, and it is required in the platform. Therefore, owning it makes you the owner of a necessary asset once people realize the power of such a platform. According to their own website, OmiseGo:
OmiseGO is a public Ethereum-based financial technology for use in mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network and digital wallet framework, starting in Q4 2017.
Buterin’s contribution of his name and face to the project have already lent it a great deal of credibility. If the project were to retain him as an actual contributing programmer who left his previous position as Ethereum lead developer to work on it, well, in that case, the token’s value could easily hit and destroy the moon, heading onward to Mars.
P. H. Madore
P. H. Madore lives in Arkansas with his wife and children. He has covered the cryptocurrency beat over the course of hundreds of articles for Hacked’s sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and is currently nearing the completion of a cryptocurrency exchange in concert with the firm he primarily works for, Vermont Secure Computing Consultancy.