The great rise of cryptography at the end of 2017 is a long-distance souvenir today. Almost all Altcoin grew in ridiculous proportions as the FOMO wave swept the scene. Today, most cryptocurrencies are melting and many will simply not survive another winter.
Crypto Assets on Death Row
Today, the total capitalization of the encryption market is approximately 200 billion dollars. It exceeded $800 billion through this level in November 2018, but fell again in November 2018 to $100 billion. Another impulse sent the total limit to $380 billion this year. But since then it has fallen 50% again as alternative currencies begin to die.
Many of them have maintained their profits this year and some have fallen to levels before the big bomb two years ago. Looking at the current scene, it is very unlikely to happen again. The only positive at the moment is that the total limit since the beginning of the year is 60%. But almost all bitcoins are doing it.
Taking as an example the unidentified Zcash crypto, the merchant Z DonAlt 'reported. That it has almost dropped to zero compared to the token launch prices.
ZEC is not the only Altcoin thrown more than 90%. Ripple's XRP token is also poor, despite several strong foundations and associations of a San Francisco-based fin technology company. It seems that the encryption community does not want to invest in centralized tokens that the company can manipulate.
XRP is currently trading at $0.225 and is below the market capitalization of $10 billion. Cross-border payment tokens have not declined before the big bomb in November 2017. He spent most of that year hovering around $0.20 and returning there. Since its peak, XRP has shed 94%.
Bitcoin Cash is another alternative currency that has failed to gain momentum. Despite the continued efforts of project leaders to boost it. BCH's market capitalization is now below $4 billion. And its dizzying increase 94% from its December 2017 high of $ 4,000.
More than 90 percent of the losers include Stellar, Tron, NEO, Iota, Dash, Vetchin, Ethereum Classic, Ontology, NEM, Qtum, Augur, Nano, Bitcoin Gold and even in the list of coin caps.
There are only a handful of cryptocurrencies that have lost only 60% or so and Bitcoin is one of them. According to Livecoinwatch, others include Binance Coin, Bitcoin SV, Cardano, Cosmos, LEO, Chainlink and Huy Token. Three of them are cryptoactive based on the exchange.
There have been no Altcoin seasons this year or the past and future do not look very good for most of them. Many of the major alternative currencies are still actively developing. But investors do not appear to be interested in other cryptography as winter approaches at this time.
