Can cryptocurrencies fail?

Asked 18-May-2022
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  • Yes. Nearly 2,000 cryptocurrencies are thought to have failed. This is due to a variety of factors, including a lack of finance at the outset and afterward, failure to evolve, and a few outright frauds. Many of the failures occurred during the 2017–2018 initial coin offering boom.
  • Some experts believe that the Bitcoin business will vanish totally in a decade or two. They compare it to the dotcom boom of the 1990s, which burst at the time. However, the unpredictability of Altcoins makes them the first victims of change. The makers of cryptocurrency tokens and coins do not devote enough time to developing a business use case for their tokens and coins. They simply introduce their coin concept without taking into account economic or geopolitical events.


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