With the apartment moving foing foward, today i had some some time to write, and read the latest news of these last catastrophic days in the crypto markets. At least I'm not having the time to despair of looking at the price movement ...
But let's go to the interesting news I saw these days.
76% of the ICOs launched this year are at a loss
The site Bitcoin.com reported that 76% of the ICOs released this year are in red, with the market value lower than the launch value.
The data was collected through TokenData and ICOStats sites, and by comparing the tokens issued in 2018 with the Dollar or Ethereum, the average return of these ICOs is 0.9x.
Last year, the average return of all ICOs launched that year was 573.14%. Curious to know how were other years performance?
2016 - 1,695.53%
2015 - 32,563.59%
2014 - 29,570.35%
Although we only have 3 months in 2018, I do not believe that the ICOs that are emerging will not have the same average performance of previous years, considering the amount of new currencies that are being released, and the siege that the US government is doing to the launch of new ICOs without regulation.
Not to mention the numerous scams that happened (Bitconeeeeeeeeeeeeeeeeeeeeeeeecct)
Therefore, it is even more important this year to analyze well the fundamentals of that promising ICO that evybody is saying that will go to the moon, studying specially if the proposal is achievable.
I'm looking at some, but I think I'll have to increase my filter even more ...
Source: Bitcoin.com
Bitcoin worth US $ 91,000.00 in 2020?
Despite the despair of markets in recent days, some people hame some hope of a better future for Bitcoin.
The chart above has been around quite a bit in recent days. It is the projection published by Tom Lee of Fundstrat, a company that do market analysis, and on a logarithmic scale, shows that after the last 3 falls of 70% of the Bitcoin, the market has risen steadily.
It is an extremely optimistic projection, but given that Bitcoin has disappeared from the news of traditional media, it is possible that at some point we will have a restart of the cycle, when we see headlines about bitcoin everywhere.
In recent days, the price of Bitcoin has failed to break the $ 7,000 range, which seems to be a sign of consolidation.
But as we are talking about a market that does not seem to obey any apparent logic, always remember to only put in the game what you would not have problem in losing.
Source: Forbes
Twitter enters the dance of the banning of cryptic advertisements
[Image] (https://www.publicdomainpictures.net/en/view-image.php?image=240458&picture=twitter&jazyk=EN)
After Facebook and Google ban the advertisement of cryptos on their platforms, now it's Twitter's turn.
The rumor is that in two weeks, twitter will stop advertising any cryptocoin related ads.
Although many see this as a negative sign, I see the opposite. Most of the advertisements I see appearing related to crypto coins are from projects that do not have much substance, and try to sell the hype of some revolutionary idea that will be implemented in the blockchain.
Maybe this is the beginning of this year's filter that will eliminate the coins / tokens that will ultimately serve no purpose ...
Just do not mess with my DOGEs.
Source: Coindesk