Crypto News Flash #262: Total Market Cap Has Come Down To Less Than McDonald's Total Worth
Last few months has taken a heavy toll on crypto space as market share is declining day by day. Ever since Bitcoin broke its long term support of $6000, market hasn't even taken a breather. Market cap has come down to $139 Billion not a few hours ago which is even less than McDonald's total company valuation.
McDonald's total worth is around $140 Billion right now. Crypto market capitalisation has declined by almost 80% since the beginning of this year, from $820 Billion to mere $140 Billion. Majority of Alt coins have declined even more than 100% in last 6-7 months. We can clearly see the All Time Low's in various Alt coins across the crypto market.
This comparison has nothing to do with McDonald's supremacy over crypto market but it is showing a true picture of crypto space where people only speculated and not invested with proper strategy and that's why majority of people's portfolio is in red right now.
Crypto real world use cases are very limited right now and in order to grow, crypto market needs solid regulations as well as security so that all the scamming activities related to crypto can be controlled to a higher extent.
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