2018-10-10 18:10 |
Cryptocurrency exploded like a supernova as prices soared to nearly $20,000 in December 2017. But like a dying star, the crypto-market may now be facing an implosion. According to a new report from technology research group, Juniper Research, the cryptocurrency “industry is on the brink of an implosion.
” The research highlights some key market metrics, all of which display cryptocurrencies as being on a downward spiral. “During Q1 2018, cryptocurrency transactions totaled just over $1. 4 trillion, compared with less than $1. 7 trillion for 2017 as a whole,” the report notes. “However, by Q2 2018, transaction values had plummeted by 75…
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