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Codebase Ventures ICO Ranker prepares for possible Bitcoin run-up

The tech-focused investment firm's ICO Ranker tracks and reviews Initial Coin Offerings in the cryptocurrency space

Bitcoin on a keyboard
ICO Ranker tracks and reviews Initial Coin Offerings in the cryptocurrency space

Codebase Ventures Inc (CSE:CODE) (FSE:C5B) (OTCQB:BKLLF) is gearing up for another Bitcoin (CCC:BTC-USD) bull run.

The company’s wholly owned subsidiary ICO Ranker tracks and reviews Initial Coin Offerings in the cryptocurrency space.

The website hit a downturn in 2018 as cryptos struggled, but an upcoming website redesign and some key cost-cutting measures has its CEO optimistic.

READ: Codebase Ventures gains DTC trading eligibility

“As global marketing spend for ICOs dropped during the 2018 downturn, ICO Ranker’s publisher, Jeff Koyen, implemented cost-saving measures to reduce the Company’s burn rate,” CEO George Tsafalas said. “Jeff also made the decision to redesign the website and expand the business model to reflect a broader mission.”

The new website is expected to launch on June 1, although Codebase might not get the Bitcoin boom that many expected.

Bitcoin, which crossed $5,000 in early April and climbed as high as $8,263.79, has bled nearly about 10% Friday monring, falling to just above the $7,000 mark.

Codebase is a tech-focused investment firm based in Vancouver. 

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

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