The encryption market has plummeted but the encryption industry is still vibrant

The encryption market has plummeted but the encryption industry is still vibrant

In the past seven days the total valuation of the cryptocurrency market has fallen from $184 billion to $138 billion a decline of more than $46 billion.

This is the worst week of the 2018 encryption market experience and prices have fallen by about 75% to 85% compared to the historical highs of major digital assets such as Bitcoin.

Although the valuation of the cryptocurrency market has fallen sharply the famous cryptocurrency investor CoinShares executive Meltem Demirors believes that the cryptocurrency ecology is still full of vitality and the market and industry are still improving rapidly.

In the past two years the first token issue (ICO) has raised more than $300 in investment and in the past few months these projects have lost billions of dollars in market value many of which used to have hundreds of millions or billions of dollars. Value projects the current market value has fallen to less than 10 million US dollars usually these projects do not provide any application products.

Many projects are struggling to sustain survival and gain new capital investment. Industry insiders point out that high quality projects and founders continue to attract sensible capital which is critical to the industry's long-term trends and market development space.

From the perspective of the issuer many of the encryption projects that have been raised through ICO are currently facing enormous challenges that require value creation for specific application purposes. If there is no clear function encryption finance will lack value. On the whole encryption market finance is still ambiguous.

However as the success track of more than $80 valuations such as Coinbase and Coin Security they provide important infrastructure services and the cryptocurrency market and industry have begun to see exponential growth in infrastructure users and revenue. . It is reported that the number of users of the currency has reached 10 million and it has penetrated 180 countries. The company's future goal is to obtain one billion users.

Although the market value of cryptocurrency has fallen sharply in the past 11 months Demirors said that the encryption ecosystem has seen significant growth in almost every major area.

The value of the asset itself may fluctuate because of changes in market information while the crypto assets are re-aggregating and the value continues to grow from companies in many areas of service. Look at the ecology of this industry – thousands of people continue to spend time energy and money to help the encryption ecosystem grow. Promote the industry through writing research advocacy construction and development.