800 Cryptocurrencies Dead; Bitcoin 70% Off Its Record High
What just happened?! Over 800 cryptocurrencies are now dead and worth less then a penny,
What just happened?!
Over 800 cryptocurrencies are now dead and worth less then a penny, according to CNBC. I have always wondered if there would a point if the market would be over saturated and how does one know which one will “blow up” like Bitcoin and the likes. It appears as though between scams and projects that haven’t materialized, new digital tokens have been a dud. Want to learn more of which coins are dead? Check out Dead Coins to see if your coins or coins of interest have made the list.
Another shocker (or maybe not) is that Bitcoin has fallen by 70% – I do not feel so bad not making an investment not too long ago now. According to CoinDesk Data, Bitcoin has fallen from grace from its record high of $2o,000 last year. One might wonder if cryptocurrency will become regulated pretty soon since they are highly risky investments with risks that include hacking and scams. How would regulation of the cryptocurrency marketplace affect your investment decisions?
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This article is for informational purposes only and is not financial advice.
