Bitcoin prices have fallen by more than 70%, and there is still a future for cryptocurrencies

As of June 30, 2018, Bitcoin has fallen more than 70% compared to the highest price, and people are pessimistic. However, Bitcoin still belongs to the better investment target in cryptocurrency, because more than 800 cryptocurrencies have died, and the price is not even 1 cent.
With the blockchain boom in 2017, cryptocurrency projects continue to emerge. The new digital tokens are created through a process called Initial Coin Issuance (ICO), in which initial token issuing investors can purchase new tokens. ICO's information is untrue and the founder's deliberate deception has caused people to lose a lot when they participate in ICO. The bubble in the cryptocurrency market is already comparable to the 2000 Internet bubble.
According to data provided by cryptocurrency research firm CoinSchedule, start-ups in early 2017 raised about $3.8 billion through ICO, but by 2018, this number has soared to $11.9 billion.
The cryptocurrency research website Dead Coins lists all cryptocurrencies that fall into the category category. So far, the site has identified more than 800 digital currencies that it believes have died out. These currencies are worthless and the transaction price is less than 1 cent. For example: freicoin
ICO is a very risky investment and there are many frauds in this area. Earlier this year, CNBC reported a scam called ICO, ICO. The fake startup eventually disappeared after defrauding $2 million in funding. Despite this, many advocates believe that the future of ICO is an alternative to initial public offerings and venture capital financing.
The cryptocurrency has been under a lot of pressure, but people are still optimistic that regulators may pay more attention to them, which may promote market participation.

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