Unicorn is a term used to describe the few number of startups which exceed $1`billion in valuation. Currently, there are only 275 startups in the world which for in the category. Some of the startups which have made it to this group are Pinterest and Uber. It is estimated that companies in this category of unicorns have a valuation of $965 billion. The investment in the companies is estimated to be $200 billion. Doing the calculation, these companies have more than 400% return. Investments in these companies have been limited to small group of venture capitalists and high net worth individuals. Only a minute percentage of regular investors have a stake in these companies.
Now, there is a new term in town known as cryptocorns. This is a name that was coined by cryptocurrencies investor Ian King. Ian King in an article published by the Banyan Hill, he revealed that the world is entering another stage where we will have cryptocorns. Ian King is an insightful investor who is followed by many investors in the cryptocurrencies market. Ian has been trading for over 20 years and is known for his insightful information on investment opportunities. In this era of cryptocurrencies, Ian King is one of the investors who has invested heavily in them. Ian has a program to help investors trade the digital currencies without the complexities of the traditional currencies.
Bitcoin is the most popular cryptocurrency. However, it is not the only one in the blockchain technology. There are other many currencies. The huge gain in Bitcoin prices last year is what has influenced the popularity. Another cryptocurrency that has performed equally well is Ethereum. The blockchain technology has facilitated these digital currencies. Blockchain technology is one of the best innovations that is coming up in the world today. Traditional investors are eyeing the technology due to the potential it has. Blockchain is technology that will solve more problems than just the currencies.
The cryptocorns refers to blockchain projects that have a valuation of more than $1 billion. According to Ian King, currently, there are 40 such projects. There is also the emergence of the altcoins which is a term used to describe cryptocurrencies such as Ripple and Litecoin.
Ian King is a valuable asset to information about cryptocurrencies and the emergence of cryptocorns. He is one of the latest additions to Banyan Hill. He was introduced in 2017. He will be assisting Banyan Hill to publish some investment materials on cryptocurrencies investment.