Digital currency projects have started to emerge from all over the past 18 months, but more than 800 of them have not been able to stand up to now, as well as comparisons between the current digital currency market and the Internet bubble in 2000.
The new currency is launched through a process known as the Initial Currency Support Process (ICO), where a new company can issue a new currency that investors can buy. The investor does not get a stake in the company, but the digital currency they buy can be used in the company's products. People usually buy currencies when they are launched in the ICO campaign, because the price is low and large returns can be obtained in the future.
There has been an explosion in ICOs, with companies collecting nearly $ 3.8 billion through these operations in 2017. But by 2018, the figure has already risen to $ 11.9 billion, according to CoinSchedule, market.
However, hundreds of these projects have now died because they were a trick or joke or because they did not fulfill what they really promised. Through Dead Coins, a website that lists all currencies within those categories, more than 800 digital currencies are now considered dead. These currencies are worthless and are traded for less than 1 cent.
Quoting arabbit.net
100% true
@samy.zoorb Yes thats true.
When the bull run start?
Is that right time to buy that?
Hello, Your words are true, but determining the direction in this market is difficult because those who control this market are the whales
Ok. But market's position are very flactuating. No one understand that.
If you have any update tell that.
Hello oscillation is due to whales who control the market (who own billions)
@samy.zoorb I think that is . Also CME and CBOE control this. What you think about all?