As I said in a panel about new tech once: blockchain doesn’t make everything better, it’s not baconValued at 79 times earnings when listed. Its success is instrumentally tied to the success of Bitcoin as a transactional currency.
At the other end of the scale, I've watched with interest Wildcat Petroleum's story since listing on AIM just a few months ago. It listed at 1p. Upon listing, its manifesto was simply to buy oil assets, and as the company is simply run by a Head of Global Sales for a brand of BP Lubricants and has no serious backing, it hovered around 1p for 6 weeks. Then the company announced that it was 'going to do something with blockchain and oil & petroleum". It's now 3p. I'm very confident that the company will be a micro penny stock in 2 years' time, but never bet against blockchain in the short term.