DigitalX Limited (ASX: DCC)
Bitcoin surpassed $US10,000 last week for the first time, pushing its already monolithic price surge past the ten-fold mark. The once-obscure digital currency has advanced more than 1000% this year, and now boasts a market cap of some US$170 billion.
But it’s not just Bitcoin — the entire cryptocurrency ecosystem is thriving with the total digital currency market now worth more than $US300 billion.
Fintech junior DigitalX Limited (ASX:DCC) has rapidly established itself as a leading force in the burgeoning crypto and blockchain space. As the only listed cryptocurrency company in Australia, the Perth-based DCC has a razor-sharp edge, harnessing years of industry expertise and technical muscle.
DCC’s has three core business lines: its proprietary blockchain tech assets, the blockchain consulting division, and ICO (initial coin offer) consulting.
With $4 million in funding and solid streams of revenue under its belt, DCC is in an excellent financial position to plunge itself full-throttle into a hectic 2018, as it continues to expand its advisory divisions and seeks to clinch more strategic alliances with major industry players.
DCC is currently capped at a still modest A$106.8 million and is rapidly growing having gained almost 800% in just four months.
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Bearing in mind Bitcoin’s immense surge, if DCC continues to ramp things up at the lightning-fast pace it’s maintained thus far, it may not be long before this innovative company leaves its small-cap days in the dust.