Crypto Currencies

After a brief hiatus, the number of new crypto coins and tokens is increasing again, but the total market value (cap) of all of them combined continues to fall, reflecting an overall loss of value of a lot of the smaller crypto coins that are difficult to trade.

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After a brief hiatus, the number of new crypto coins and tokens is increasing again, but the total market value (cap) of all of them combined continues to fall, reflecting an overall loss of value of a lot of the smaller crypto coins that are difficult to trade.

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The number of crypto coins and tokens is now approaching 2000, yet the total market cap has been falling since the peak of $820 billion in January 2018, and is now roughtly one quarter of that, despite the number of new tokens being created.

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It looks clear that to participate in an ICO now looks risky, unless the investment looks absolutely compelling and you fully understand the concept.

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The top 20 cryptos look safer to invest in, with Ripple and Stellar Lumens trying to become recognised as a standard for payment transactions, due to their low fees, ability to process thousands of transactions per second (unlike Bitcoin for example), and tie ups with senior technology companies like IBM.

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The price of both has been rising in anticipation of a breakthrough, although the ultra low transaction fees for Stellar suggest unless they gain massive market traction they will struggle to make money, despite their excellent technology.

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The battle to become the international standard payment coin is on, the winner will scoop the rewards, or maybe there will be more than one standard?

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One suspects that of the myriad of new coins and tokens coming to the market in ICO’s, most will wither on the vine, in the same way as junior companies do on the stock markets, ICO’s for specific  projects are in fact an IPO by a different name, with tokens simply being shares by another name.

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