Cryptocurrencies have been the hottest subject of the economy for some time now, as their staggering growth has brought a new generation of investors into the forefront. One of the most popular cryptocurrencies in the space that has come up quite recently is known as Raiblocks. Raiblocks has been on the forefront of the cryptocurrency world because it can do certain tasks better than even the top cryptocurrencies like bitcoin. The coin has recently announced that it may be rebranding itself.
This currently sounds like little more than a marketing scheme, but there may be more upon further inspection. One of the things that the coin plans to change is its name. This has not happened much in the cryptocurrency world, because normally it would seem like taking a step backward with so many people already associating one name with a currency, but it could be just the opposite. Switching things up for the coin could potentially be quite good for it. We saw this occur with the coin Antshares being rebranded to NEO. NEO quickly became incredibly popular, but there is no way to tell if this is because of the name or for other reasons. The coin has stated that they will rebrand the name of the coin to Nano.
Don’t Forget to Join our FREE Text list! From Your Cell Phone Text the Phrase CRYPTO to 474747
This may end up causing a large amount of confusion in the market, because the name is nowhere near unique to the market. The big question that should be asked is why is the coin planning to make this change right now of all times. This question could be answered by stating that the market is beginning to take off in mainstream views, and the rebranding of the coin could potentially be a great first step for its introduction into the newer and broader market.