Is IHT Real Estate Protocol (IHT) Worth Keeping An Eye In 2018?
Clearly one of the most obscure names in the cryptoverse is the world’s first integration of blockchain in the real estate market. IHT Real Estate Protocol (IHT) is a fast-growing platform and is interestingly supported by John McAfee, who is working with the IHT advisory board.
IHT Real Estate Protocol concluded its ICO on April 11th, merging real estate and the blockchain technology, the platform has done fairly well in pursuing its goal to create a digital credit society for the managing immovable assets.
Entry of i-House into the US Market Accelerates
i-House, the IHT Real Estate Protocol team has announced some interesting news to open May. The i-House team took to its Medium page to announce that the digital asset meets all the regulations of the Security and Exchange Commission (SEC) of the United States.
i-House, the first real estate blockchain application is fast gaining application and relevance in the real estate industry. In April, i-House launched the IHTPay, a digital payment which saw the digital asset break into the Japanese Real Estate industry.
How Will SEC Approval Affect i-House?
i-House has released a new concept to be applied to their already well-performing platform, the ATO project presale. With i-House claiming the ATO project is one of the major reasons IHT was able to meet the regulation standard set by SEC.
The ATO project will allow users in the US who hold IHT tokens transact freely, this would lead to greater transaction volumes for the digital asset. Entry into the US real estate market which is one of the biggest in the world would serve as a great boost for the digital asset, which could hike the value of the IHK token.
The recent news of SEC approval has served to increase i-House’s influence internationally, and in the future could serve as a potential source of more partnerships for IHT Real Estate Protocol (IHT). If i-House successfully infiltrates the US real estate market, it could lead the way for more digital assets to follow suit.
Price and Performance of IHT in the Market
Since IHT tokens opened for trade on March 1st, the digital asset has grown. Since trade began for IHT, the digital asset has had a pair of the highly unstable nature of the crypto market, opening at $0.13 the IHT has fallen to its all-time low of $0.07 eighteen days after its official launch.
However, Q2 brought the much-needed light to IHT and the entire crypto market. At the time of this writing, the digital asset is trading at $0.225 apiece, with a price rise of 24.7% in the last 24 hours, the 16th biggest gainer in the market.
IHT Real Estate Protocol (IHT) has grown by 15% in the last 7 days and a whopping 186% in the last 30 days. IHT is now the 166th biggest cryptocurrency by market cap with $110 million USD. When i-House becomes fully functional in the US market, the asset has been predicted to post greater gains.