2018-7-4 18:41 |
The ICO-market has gone through a high failure rate of 46% with several ICO projects turning out to be deceased or scams.
The world’s largest cryptocurrency Bitcoin has dropped by 70% since hitting its all-time high of $20000 during mid-December 2017.
However, the latest report released by CNBC shows that more than 800 such digital currency tokens are now dead, comparing this scenario of the ICO market directly with the dotcom bubble of the 90s.
Investors buy these digital tokens at an early stage to reap maximum profits considering the future growth and potential.
However, according to the list provided by Dead Coins, a website that keeps a track of all the failed cryptocurrency and ICO projects, more than 800 such projects are dead now.
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