More than 800 cryptomonas have died in the last 18 months and Bitcoin has dropped by only 70% this year

New digital coins are launched through a procedure known as the name of Initial Coin Offering by which a start-up can launch a new digital currency that investors can buy.

Investors do not receive shares of the company, but the currency purchased can be used in connection with the starter products. 19659005] People usually buy during the OIC procedure, because the coins are cheap and can generate big income in the future. For example, Ethereum, the second largest capitalized market maker ($ 47.5 billion), was worth less than $ 1 a year ago when it was launched, compared to $ 472.5 per wedmarketcap.com Tuesday at 3 pm

The OIC market has experienced an explosion. Businesses raised $ 3.8 billion in 2017, while capital raised through this procedure reached $ 11.9 billion by mid-2018, according to the CoinSchedule platform, which tracks the development of these investments.

And yet hundreds of these projects have disappeared now, because most have turned out to be scams, jokes, or products that have not materialized.

According to the Dead Coins platform, which targets ICOs I do not know success, has identified a list of more than 800 digital coins that are in danger. Their value is less than 1 cent

At the same time, bitcoin, the most important in terms of market capitalization, had a catastrophic year. The price of the coin has risen nearly 70% from the record $ 20,000 at the end of last year, according to CoinDesk data. Tuesday at 15:00, the market value of bitcoin was $ 6,584 for a market capitalization of $ 112.7 billion. The total market capitalization of cryptomonas exceeded $ 270 billion, with more than 1,600 digital coins launched in the public space