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RE: Only about 100 crypto companies will survive 2018
Lmao there's ~1542 right now, but in a year I'm expecting it to be at least ~2000? And you're telling me that only the top 100 will survive? What does that person mean that it will 'fail'? As long as there are people who invest in crypto, there will always be a rise.
Sure, investing in every crypto that is out is stupid and that way the majority of the market will be scattered between a few main altcoins, SURE. But it depends on what they mean by 'fail'.
I guess he means to see at the current 1500+ and only 10% will keep going, there will be new ones, all the time, like a savage market with coming and going players and only a few really stay over the time. Thank you for reading @vishire
Well, that was a given, coins will come and go, that's how this market works, but I'm pretty sure most of them will be ongoing even though they cost close to nothing, that will be the market.
In the future a lot of tokens are going to be pegged to be able to use them as a currency and the price fluctuation is going to be controlled for easy methods of payment for people in the crypto field to get paid.
Failing of cryptocurrencies in this context probably means that they just won't go as high as the rest of the main altcoins that will likely to succeed.