Companies Involved in Cryptocurrency See Skyrocketing Share Prices

Three companies in three countries have seen a roaring spike in their share prices this year. One as high as a 4089% share price increase. They all share one commonality, and that’s what they're focused on. Blockchain.

This is the same technology that's being used to "deploy smart contracts, fuel betting, host tournaments, and ease the purchase of virtual assets," in eSports and is predicted to grow the competitive gaming industry by 41.3% this year to a staggering worth of $700 Million.

Dig a little deeper, and there’s more to the share price increases than meets the eye.

A Whopping 394% Increase Driven by Sheer Blockchain Hype

Just the word Blockchain is enough to drive excitement among investors. On-Line Plc is an Essex-based company first listed in 1996. Two decades later, they rebranded to On-line Blockchain Plc.

The result?

In the two decades they’d been trading, just announcing the new name saw the firm’s biggest ever one-day gain of 394%.

Australia’s Digital X Invests Investment to Fuel Share Growth

Back in 2014, the Bitcoin Group emerged. Similar to the rebrand of On-line Plc to Blockchain Plc, the Bitcoin Group rebranded to become Blockchain Global Limited in 2016.

The company invested <a href="http://www.asx.com.au/asx/statistics/displayAnnouncement.do?

display=pdf&idsId=01863707">4.35 Million USD into Digital X, the first blockchain company to be listed in Australia, giving Blockchain Global Limited a 40% stake in the company.

What did they do with the investment? Why they invested $2 Million of that into cryptocurrency, sat back and watched their share price go nuts.

Canada’s HIVE Blockchain Technologies Ltd Soars by 4089%

HIVE Blockchain Technologies is the biggest of all shakers. They managed to gain a record 4089% share price increase when they announced their strategic partnership with Genesis Mining Ltd.

Unlike any other cryptocurrency that’s ripe for mining, HIVE Blockchain Technologies focuses on mining Ethereum, and that’s where things get interesting for investors….

Ethereum has 92 million + coins in circulation, which is the largest of any cryptocurrency, making it an ideal mining ground for HIVE to focus on expanding their mining power. The strategic partnership with Genesis Mining Ltd will enable them to invest in new data centers proposed to be located in Sweden and Iceland.

Cryptocurrencies are Much More than Blockchain

As far as other cryptocurrencies go, many are just that. A currency. Where some blockchain platforms lag is in technological advancements. Ethereum is among the first platforms to let developers implement Smart Contracts using blockchain technology, and that's what's fuelling the higher share prices with service-based products built on Ethereum with Smart Contract functionality.

Ethereum was among the first public blockchain companies to introduce Smart Contracts with a heavy emphasis on decentralized applications (DAOs) and smart contract inclusion.

It’s this functionality that the team here at Etherecash is on a mission to fully utilize by developing the world’s first peer to peer loans service, backed by crypto and using the Smart Contract technology. A first of its kind, fast and secure loan service fully backed by lawyers.

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