Bitcoin Impact: 800 Cryptocurrencies are Now Dead, Bitcoin drops 70% off its Max Cap

[Vladar49]

The bitcoin bubble at the end of last year saw a majority of new cryptocurrencies penetrate the market and actively compete for the mental focus of investors consumed majorly by global hype and the hope of becoming rich easily.

These Initial Coin Offerings (ICOs) collected money from green investors using less more that some code and a speculative white paper summarising the coin's covet. Notwithstanding bitcoin being the leading crypto having declined from more than $19,000 in December 2017 to more than $6,000 as per now, the enthusiasm for minor coins has also highly diminished.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-impact-800 ... s-max-cap/