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April 09, 2018, 02:06:45 PM |
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The phase Cryptocurrency is in can be compared to 90s interenet bubble. Many companies came online. There was huge fuss. Everyone wanted to cash out on the opportunity. Shares were trading at heights. Whether worth or not, companies were making fortune in the initial phase. Same is happening in Crypto market. Hundreds of ICO are coming everyday and launching their own tokens and platforms. Many are doing good in terms of investment. But most of them are worthless in long term. Even investors are not focusing on utility factor before investment. Most are following the crowd. I expect more altcoins to cmone in future as the fuss hasn't ended yet. There is huge potential market is still there. But just like the bursting of Internet Bubble where people lost millions and only those companies survived which had long term potential. We might see 90% of altcoins disappearing from the market. So yes, more will come and disappear in future.
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