Recently, the SEC launched a FinTech portalto assistit communicatehigherwith participantswithin the FinTechspace. This hubcanplaya seriousrole in facilitatingusefulinnovations to grow and thrive.One amongstthese innovations is noneaside fromICOs. ICOs havethus far been mostly unregulated, howeverthe SEC islookingforward toregulatethemin an exceedingapproachthat helps them thrive,while protectinginvestors. The SEC islookingtorepresentinforegardingthem,to bettereducatethe general publicas often can beseen below.
Regulations on ICOsare going to bequite aboost to most platform blockchainsalong with Ethereum Classic[ETC].It’llopen up these blockchains to enlargegrowth going intothe long run. The ICO craze of 2017 isa proof tothis thatas long asit pushed Ethereum [ETH] to over $1000 USD. Withregulatory laws, ICO enthusiasmis expectedto the market and blockchains like Ethereum Classic [ETC] cangain momentumonce more. Ethereum Classic [ETC] has gaineda lot of publicity within therecent past, and if ICO momentum were toreturnto the market, Ethereum Classic [ETC] wouldattractan honestchunk of them, andthis canthereafter push up itsworthgoing intothe long run.Actuallyupsurge in ICOscan bethe trigger that takes Ethereum Classic [ETC] back to its 2017 highs.
One of them is its potentialto ownan effectwithin theIoT market.A part ofits roadmap for 2019is the launch ofa lightclientfor IoT. The IoT marketcould be ahigh growth marketand cangain momentumas theinfrastructure, such as 5G, slowly takesform.This is oftena marketthat mayprovides aimportantboost tothe worthof Ethereum Classic [ETC] going into 2019on a far side,even ifETC were to win just simplya fraction of it.Oncecombined withthe possibilityofa brand newICO wave, it makes ETC a high potential blockchain in 2019 and intofuturedecade.
Moreshort-run, Ethereum Classic [ETC]mayopen the week in positive territory. For the last2days,it’sbeen on a gradualupper sidepush froma low of $9.68 USD onOct. 19th, to a high of $9.99 USD on theOct. 21st.
However,it’srelievedupa littlebit, and iscurrentlytrading at $10.062 USD, a pricethat’s currentlyacting as a minor support.
If Ethereum Classic [ETC] makesassociatedupper sidepush from thissupport level, itmaypresumablyhit a high of $10.11 USDwithin thecourse of a day. That’sa levelit rangedeventually at lastweek, and onethat wouldact as a resistancepointwithin thenext 24-hours.